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LRC Loopring - Quiet before the STORM ?Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Loopring / LRCUSDT has been trading under its 50 day moving average for a few weeks now (this is the weekly chart). This means that the chart is heavily oversold from the MA perspective and a correction is due. This is bullish, because a correction back towards the 50d MA is expected , even if we get rejected there it will still be an easy, low risk high reward setup that could provide +140%. Keep an eye out on this altcoin and the price action along the moving averages ! Have a great weekend, the charts will be here on Monday 🥂 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
23
LRC/USDT bullish ride? 👀 🚀 Loopring Today Analysis💎 Paradisers, brace yourselves as we've spotted a promising opportunity with LRCUSDT, poised for a potent bullish surge following a retest of its formidable support. 💎 In our prior observations, LRC navigated within a descending channel. After breaking free, it faced rejection at the supply level of .1772. Interestingly, it's now revisiting the channel's support, which previously played the role of resistance. 💎 Currently, the odds are in favor of it embarking on a bullish trajectory from the solid support level at .1644. This is further bolstered by the presence of untouched supply zones overhead, indicating a potential visit to these levels in the foreseeable future. 💎 However, on the flip side, should the price breach the .1644 support, we might witness a notable downward shift. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Long
by MyCryptoParadise_Simon
LRC/USDT - Loopring: BBand Breakout◳◱ On the $LRC/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.2135 | 0.2247 | 0.2569 and support near 0.1813 | 0.1603 | 0.1281. Entering trades at 0.2138 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Loopring ▣ Rank: 131 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: Loopring is an open protocol for building high-performance, order book decentralized exchanges on Ethereum. Their goal is to enable the building of highly scalable exchanges without compromising Ethereum-level security guarantees through a zkRollup construction. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2138 ₮ ▣ 24HVol: 7,669,682.718 ₮ ▣ 24H Chng: 6.633% ▣ 7-Days Chng: 13.52% ▣ 1-Month Chng: 21.59% ▣ 3-Months Chng: 0.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.2135 | 0.2247 | 0.2569 ◢ Support: 0.1813 | 0.1603 | 0.1281 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.95 ▣ Last 90D: 0.00 ▣ Last 1-Y: 0.10 ▣ Last 3-Y: 0.74 ◲◰ Volatility : ▣ Last 30D: 0.44 ▣ Last 90D: 0.46 ▣ Last 1-Y: 0.88 ▣ Last 3-Y: 1.50 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.30 - Bearish ▣ In-depth LRCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
LRC performed Descending BroadeningLRC performed Descending Broadening Wedge A descending broadening wedge is a technical chart pattern often observed in financial markets, particularly in stock trading and forex. It is a type of wedge pattern that indicates a potential trend reversal from a downtrend to an uptrend. Here's a breakdown of the key characteristics of a descending broadening wedge: 1. **Shape:** A descending broadening wedge consists of two converging trendlines. The upper trendline slopes downward, while the lower trendline slopes upward. This creates a wedge-like shape on the price chart. 2. **Diverging Boundaries:** The defining feature of this pattern is that the two trendlines are moving away from each other, making the wedge broader as time progresses. 3. **Sloping Trends:** The upper trendline represents the resistance level and is typically steeper than the lower trendline, which serves as the support level. 4. **Volume:** Volume tends to decrease as the pattern develops. This is a key characteristic, indicating a decrease in trading activity. 5. **Duration:** The pattern usually takes several weeks to form, but the timeframe can vary. 6. **Breakout:** The pattern is considered complete when the price breaks out of the wedge formation. The breakout can be in either direction, although in the case of a descending broadening wedge, a breakout to the upside is more common and is seen as a bullish signal. 7. **Target:** Traders often use the width of the pattern at its widest point to estimate a potential price target once the breakout occurs. This is typically projected in the direction of the breakout. In the case of a descending broadening wedge, the target would be higher prices. Remember that technical analysis, including the interpretation of chart patterns like the descending broadening wedge, is just one tool used by traders and investors to make decisions. It's important to consider other factors and use risk management techniques when making trading or investment choices. Additionally, not all chart patterns play out as expected, so it's crucial to use these patterns in conjunction with other forms of analysis to make informed decisions.
Long
by Crypto-Adda_Official
LRCUSDTThis is a 1D frame analysis for LRCUSDT As we can see, the price is currently fluctuating around our weekly support zone and we expect it to support the price like it has done in the past and not break below it. However, we must wait and see if the price can break through the first resistance zone and establish itself above it, then we can enter the trade with less risk for the second resistance zone. It is also possible that after hitting the first resistance line, the price may not be able to establish itself above it and we may experience a price pullback.
Long
by MarsSignals
LRC bullish momentum time to buy? 👀 🚀loopring today analysis💎LRC is making an impressive move as it has recently broken out of the channel and is primed for a bullish surge. 💎It's on the verge of trading above the 50 EMA. If it maintains its momentum above this EMA, we can anticipate a strong bullish move. The fact that it's trading in a high-demand area is a significant factor that can't be overlooked. 💎Another point to consider is the box. If the price breaks through this box, we may no longer be in an upward trend. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon