LRC/USDT LOWER TF TRADE SETUP Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #LRC/USDT
ENTRY: CMP and add more up to $1.05
SELL- 50%
STOP LOSS: $1.01
Leverage - 5x
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Lrcusd
LRC LoopRing breakout but don't chaseLittle bit of an accountability video from me.
I believe I posted here yesterday, my elliot wave prediction for LRC.
I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot.
I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending triangle breakout.
In this video I also share about how important it is to locate, chart, and follow your positive and negative trend/channel convergences.
Watch till the end to get a little advice on using the strength index.
PATTERNS , baby.
LRC to drop down to the T1.00 pivotLRC has had an incredible run since the gamestop announcement!
However whith any run that banks ~50% in less than 6 hours... you're gonna get a correction.
We're within a downward elliot wave cycle with E/1 landing at just about a dollar, once LRC tanks and goes below 0.99 or so
We will than see a rise back up but will, in my opnion, stay within the downward trend into the triangle for an eventual breakout.
Loopring x Gamestop!The Loopring x Gamestop announcement is finally here and official.
- link to tweet: twitter.com
- link to GameStop Marketplace Beta: nft.gamestop.com
Macro:
Loopring continues an overall large uptrend when looking at weekly candles.
With a market cap of ≈ $1.3 Billion, Loopring has a lot of room for big gains.
Short Term Chart:
Loopring has been rejected twice by its 200 day moving average in the past 2 months.
Correlating with Gamestop's pump, Loopring has shot up (to its recent top) over 80%.
As long as GME & BTC stay in good shape (which they both are!) - I think we can see LRC push past the 200D to higher evaluations.
LRCUSD heating up! $8.00 on sight!Loopring (LRCUSD) has seen the strongest rise of the top 100 market cap coins in the past 24hours and is currently testing not only the 1D MA100 (green trend-line), which has been intact since January 08, but also the horizontal Resistance that is holding since January 20.
I've posted the very same LRC chart about two months ago and seems to be coming to fruition:
The last time a similar Resistance level was tested, was during the previous Accumulation Phase of November - December 2020. Once the Resistance broke (accompanied by a 1D MA50/100 Bullish Cross), LRCUSD had a very aggressive two-day rally and entered a strong 1.5 month bullish stretch. Even the 1D RSI sequences of today and then seem fairly similar.
Technically, if the price breaks those two Resistance levels, and since LRC has been trading within a Fibonacci Channel since early 2020 that has been making each High on the higher Fibonacci extension level, then the natural long-term target would be the 2.5 Fib ext. However we often see a tendency to face Resistance on the previous Higher Highs trend-line and that currently is the Fib 2.0 ext. We thus view the $8.00 - $10.00 range as a realistic long-term target zone.
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LRC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
We went further down than the predicted yellow line and way deep into the price territory of wave (1). It seems that LRC has bottomed out and we should be accumulating here for a bit. The white line might play out and be similar to the previous accumulation period. The time will be a lot less imo as there is much more hype around the coin this time.
LRCUSD D1: 500%+ gains THE BEST Level to BUY/HOLD (UPDATED)Why get subbed to me on Tradingview?
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-2000+ ideas published
-15+ years experience in markets
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-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
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LRCUSD D1: 500%+ gains THE BEST Level to BUY/HOLD (UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMP NOTE2: Conditional setup, make sure
BTCUSD maintains > 25 000 USD before BUYING LOW.
🔸 Summary and potential trade setup
::: LRCUSD D1 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: great progress / on the way to cycle lows
::: noteworthy compression in progress
::: expecting one final pullback soon
::: get ready to BUY LOW later
::: best reload bulls near 45C later
::: expecting 500%+ bull run
::: re-test of sliding S/R line
::: near 3.50-4.00 USD later
::: BULLS stay out be ready later
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 30-45% CORRECTION short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains / 4.00 USD
::: BEST reload BULLS near 45C
::: TP BULLS is 4.00 USD+ final exit
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Trading Signal For LoopringTrading Signal:
There is a Trading Signal to Buy in LRCUSDT Loopring
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 1.05
⭕️SL: Close bellow 0.92
🔵TP1 @ 1.57
🔵TP2 @ 2.14
🔵TP3 @ 2.88
If you liked our ideas, please support us with your likes 👍 and comments .
LRCUSD D1: 500%+ gains THE BEST Level to BUY/HOLD (REQUESTED)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
IMPORTANT NOTE: If you want to request analysis via DM
you have to SUPPORT MY IDEAS FIRST - LIKE/COMMENT.
Otherwise don't waste my time.
🎁Please hit the like button and
🎁Leave a comment to support our team!
LRCUSD D1: 500%+ gains THE BEST Level to BUY/HOLD (REQUESTED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMP NOTE2: Conditional setup, make sure
BTCUSD maintains > 25 000 USD before BUYING LOW.
🔸 Summary and potential trade setup
::: LRCUSD D1 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: noteworthy compression in progress
::: expecting one final pullback soon
::: get ready to BUY LOW later
::: best reload bulls near 45C later
::: expecting 500%+ bull run
::: re-test of sliding S/R line
::: near 3.50-4.00 USD later
::: BULLS stay out be ready later
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 30-45% CORRECTION short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains / 4.00 USD
::: BEST reload BULLS near 45C
::: TP BULLS is 4.00 USD+ final exit
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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.
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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.
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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
3 LRCUSD Trade Strategies• When LRCUSD is in an uptrend and closes below the 8W SMA, it has at least tested the 21W EMA.
• It’s now testing the 21W EMA, which also happens to be around the price where many bought in end-Oct’21 / early-Nov’21.
• Fundamentally, the mood within the reddit groups have turned from jubilant to rather downbeat, and has the potential to further worsen if LRCUSD does not pump. The weekly RSI has also more room to drop.
• However, though the recent BTCUSD and LRCUSD dumps are expected (BTCUSD retests at least the 20W SMA when it closes below the 8W SMA), the LRCUSD dump took longer than expected and is less severe than originally expected. There might be still some gas left in LRCUSD.
• BTCUSD may have bottomed, or it may not. If BTCUSD dumps further, then let’s KIV any thoughts of LRCUSD till BTCUSD gets back above its bull market support band.
• Strategy 1, If BTCUSD remains above $38K, then watch if LRCUSD closes above its 21W EMA (currently at $1.52) this week. If so, then DCA in.
• Strategy 2, given that LRCUSD may dump further, DCA in at around $0.60.
• Strategy 3, buy LRCUSD when it gets back above the 8W SMA and retests it.
• Strategies 1-3 are arranged in descending order of risk. LRCUSD is an inherently risky investment, and as a long-term trader with mid-high risk appetite, I’d personally go for Strategy 3 if it happens before what is described in Strategy 2.
• I still suspect LRCUSD will not see a new ATH this bullrun. So unless there is anything which changes my mind, if I were to adopt Strategy 2/3, I will sell within 85% of the previous ATH.