LOOPRING 🎯 Outlook For This Massive Uptrend & Pull Back!Bias:
🔞 Just a quick chart for anyone looking for some levels to keep an eye on during this LRC pullback we are having.
Some basic price action used for how I am expecting this pullback to playout. Good luck everyone and hope you are all enjoying the weekend!
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Support:
S1: Orderblock formed during the pump which is awaiting a retest.
S2: S/R flip which is also a major price pivot point on higher timeframes.
Resistance:
R1: Orderblock formed from the breakdown of price which is currently about to be retested. (Hopefully it hasn't been blown past by the time I finish writing this lol)
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Lrcusd
LRC/BTC; 1H; Binance; 26.10. by @SupernovaElite. Potential 10%!Local rising trend, price rebounced
from MA 100,200 many times. Now
formed traingle pattern which was
broken but come back. There is volumes,
need consolidating near this lvls or
next breakthrough for confirmation.
Risk/Reward = 2,41
Do not forgrt about SL!
LRC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Maximum Profit: Yellow Area
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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LRC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Thanks for visiting.
[LRC/BTC] VERY GOOD RISK/REWARD ON LOOPRING [ 400% POTENTIAL ]#LRC / BTC 0.40% ( Binance )
Buy Range : 1500
Stop Loss : Below 1266 ( Optional )
Short-term - > 2185
Target 1 : 3495
Target 2 : 5350
Target 3 : 6700
STOCH RSI CHART :
If we look into STOCH RSI Chart, we can see how has backed to support after recent movement on April. Now , its trying to go up suggesting some movements on the price.
ON BALANCE VOLUME :
Weekly chart reveals reversal movement which started on early September, this price action could be suggesting back and touch the trendline as did on April
MACD/T3-CCI/RSI :
They still inside of negative territory but are sharing better perfomance on the last weeks and it could be positive soon
VOLUME :
Still weak but having its having positive action on the last two weeks
TD SEQUENTIAL:
We have a 9 on the weekly chart which could boost the prices according to momentum. If we look a green two after this green one we could be talking of bullish reversal. Anyway, this price is very good to buy and wait for our targets
Its Time To Buy LoopringAccording to the Fibonacci Time Zone indicator, today Loopring enters the new cycle, which does indicate that it cold be the time to act now. Price has tested the low at $0.11, where it has rejected the upper trendline of the descending channel.
All-in-all the trend is bearing and it is hard to argue with that. But it could be the very bottom and the end of the decline. If that is the case, LRC/USD is expected to grow exponentially, with the first target at $1, that is x10 gain.
But if the $1 psychological resistance is broken, then next target is at $3 area, that is the previous all-time high. Break above the $3, should send price up to the next psychological resistance area, near $10.
The buying opportunity seems to present itself, and it could be the low risk trade with a x100 profit opportunity in the medium term.
LRC: 1000% PotentialLoopring is very undervalued and is currently ranked 194 on Coinmarketcap. If Bitcoin continues to consolidate and not make new highs. Then we should continue to see alt coin rise. If that is the case, I believe Loopring will have a decent run in the coming weeks. It is currently up 150% since I got involved in it. What are your thoughts?
Trade with care.