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LRCUSD Strong support and recurring bullish pattern.Loopring is having one of the strongest rebounds currently after the weekly sell-off. Technically it remains within a long-term bullish Fibonacci Channel since the March 2020 COVID crash and every test of the Channel's Support has led to a Higher High on the next Fibonacci extension level. This week also formed a Bearish Cross between the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). Even though that is technically a bearish formation, last time that took place, while the price hit a Diverging Higher Lows trend-line (dashed lines), LRCUSD rebounded to a Higher High. With the 1D RSI historically oversold (last time it was that low was on November 21 2019), I am expecting a very strong 3 month rally at least towards the Fibonacci 2.0 extension level, potentially even Fib 2.5 as a Higher High of the Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:LRCUSDLong
by TradingShot
3
LRC/USD 26/01/21 - Key Decision ZoneDuring the initial LRC pump, theres was a rotation area where strong buyers added to their longs, and the price continued to drive upwards from that zone - see left hand most volume profile. This zone should have acted as an area of strong support as price settled down from the ATH, however instead price dived through this zone to a lower level. This support should theoretically become new resistance, as it is where strong sellers added to their short positions - see right most volume profile. There has now been a pullback, providing an opportunity for a good position long or short depending on the reaction to this key zone.
COINBASE:LRCUSD
by sheep-crypto
2
LRC 1D Careful, maximum is close, and then it will hurtToday we will consider the trading pair LRCUSDT. There is not much to write here, a long accumulation of Loopring token around $0.40-0.50 has logical completion — the price pump. The trigger for the jump probably was some important news for the project, right? Please share the information in the comments below the idea. Also, similar consolidation was observed in LRCBTC pair , there price reaches strong liquidity zone from above. At the moment the lucky ones can fix x7 profit, maybe even the price of LRCUSD will give x10 at around $4-4. 40, but you should not test your fortune, because the price is very high and the downfall might be very painful , around $0.90-1.00. We had a similar situation in IOTEXUSDT, and we warned crypto-market participants very timely that they should forget about longs and gave them levels to buy again. You can see the result in the idea below. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
42
LRC/BTC 1DAY UPDATE Welcome to this quick LRC/BTC analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-LRC/BTC bullish flag ready to buy the green zone spot buy and hold Entry:- 0.00002270,0.00002630 Traget:-100% TO 250% Stop loss:- 200MA down side cloge Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Some Loopring Hopium: $11-$15 peak of this cycleIn the past year, LRC has gone through 2 peaks and dips. - Fib retracement puts top between 1.6 and 2 on the next peak - Each dip crashes pretty extensively - If pattern continues, next peak could be between $11 and $15 then crashing hard. Caveats - Different market conditions (very volatile, crypto is suffering a major correction) - Price is hard to push up in higher Market caps (could only top at around $10). - No GME, doubtful it has any momentum to reach there
BINANCE:LRCUSDLong
by euphoricSeahor60640
1
Key area.If we don't break the 130ish area in the coming week then we will surely see 60 cents by February. If we do we need to fight to get back into trend, fight to get above ma, fight to get above other resistances/cloud. The only thing that is going to bring upward movement is a release from Looping or GameStop. Expect another dump tomorrow and dumps until the end of January. I'm holding for the long term but it's good to compare sentiment, developer release schedule, and news to price movement. A waiting game.
by Bobron
1
UPDATE: LRC profit 53% after SHORT signal - more to come?Please Like or Follow if you enjoyed this content. UPDATE: The price dropped 53% after Short signal. Currently sitting on support 1.20 USDT. If support doesn't hold, 0.90 USDT is next support. Price is below Ichimoku cloud and RSI is still bearish. Another drop is definitely possible. But right now support is holding. This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently LRC is still in a downtrend. Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Short
by Kch28
LRC Quick Long ScalpExpecting a bounce from the Parallel Support from December 20th. Ideally price will reach the Resistance of January 10th before resuming the downtrend. This presents a good Long Scalp opportunity, will wait for the price to retest Parallel Support first. When in trade I keep to a strict Risk Management plan and keep an eye on BTC This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! BINANCE:LRCUSDTPERP BINANCE:LRCUSDT BYBIT:LRCUSDT FTX:LRCPERP FTX:LRCUSD
by WhoIsWu
1
LRCUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. You see that the price has created a Gartley pattern. If it receives support at the S1 line, the next target would be the R1 line where you can save profit there. If it breaks the R1 line, it can move up to even $2.43. If it breaks the S1 line it can move down to $1.761. But it seems bullish. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
10