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Lrcusdlong

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
LRCUSDT , Exactly move to 2nd target , did you got ?Helloooo guysss Whats up ? Did you got this amazing profit from the market or not ?? Loopring is one of the most powerful project that it work on layer 2 but it is optimistic , Do you know what i want to say ???? :D According to last analysis we told and shown on chart that the price was broken the trendline and we need more pullback to the trend zone then we can be ready to go up until the new target reach . Now exactly this movement was happen and the price touch the 2nd target and we have powerful momentum for the rising price , we shoud have pullback to recover power , if the recovery price take long time the movement and the route should update guys , until now you have this analysis if any change happen we try to update chart for everybody . Previous analysis : Dont forget use stop loss and attention to money management Good Luck Abtin
Long
by Abtin00
3
LRCUSD is getting off her bed• As LRCUSD enters Wave 5 and starts to reach for her 2nd and probably final top in this bullrun, it is worthwhile to update our post on LRCUSD. • Trading is primarily a matter of managing one’s emotions in the context of risk-reward management. FA is a tool to identify opportunities. TA is a tool to quantify and thus visualise potential growth and areas of profit taking. • Besides contributing to the community, sharing posts on TradingView is also a good way to document one’s thoughts so as to prevent FOMO and FUD as emotions get high near TPs. • Back to TA, given that LRCUSD has woken up, it is now time to focus on profit taking. I don’t think LRCUSD has peaked yet, but it is good to plan ahead. • *Assuming* we are currently in Wave 5, keep in mind that according to Elliot Wave Theory, there would be 2 intermediate peaks within Wave 5. I believe we have already seen both of them—the 1st on 5 Nov’21 and the 2nd on 8 Nov (it’s easier to see them on the 4hourly with Heikin Ashi candles). • I’ve filled in 3 sets of Fib levels. The 1st from crypto winter (Jan’18 to Mar’20), the 2nd from Wave A-C (Feb’21 to Jul’21), and the 3rd from Wave 3-4 (2-4 Nov’21), with the more recent Fib levels being brighter in colour. Note how well these Fib levels have served as support and resistance. • As indicated in our previous post on LRCUSD, she has been consolidating after forming her 2nd intermediate peak. This is healthy and will confirm the current resistance as support. • My gut tells me that LRCUSD will punch through the resistance levels at around $2.81. But watch volume and momentum during this breakout. • My gut also tells me that LRCUSD will break out of the parallel channel she has been in since Mar’20 and enter heavy resistance between $3.48 to $4.92. We should be taking profits within this region. • Note RSI levels. **Re-evaluate TPs when LRCUSD hits *and* exceeds RSI(14) of 90% on the daily *and then* the weekly. Given how RSI is calculated, cf Wilder’s New Concepts in Technical Trading Systems, this might take several days from now. Don’t burn out. Take profits on the way up **and** on the way down. • At the same time, don’t forget fundamentals. LRCUSD’s top might be heralded by an announcement on a partnership with GME or ETH. Don’t forget LRC’s role wrt to ETH. There are interesting things happening on the ETHBTC chart.
BINANCE:LRCUSDLong
by AlphaBravoCharlie77
35
LRCUSD is rubbing her eyes - Update on LRCUSD• LRCUSD’s recent price action has been enlightening. This is just an update. • Some background and FA first. As BTCUSD crossed her 1.618 Fib of the crypto winter before this bull run, besides DCAing BTC, I started hunting for altcoins to fill my bag in preparation for the eventual ETH pump towards the end of this bullrun. ETH is a much safer investment than altcoins, and the potential ROI makes much more sense than BTC, so my overall strategy is to buy alts related to ETH during the dip, and then swing to ETH when the latter breaks key resistance levels towards the end of this bullrun. ETH is an excellent technology, but current gas prices are exorbitant. LRC’s zkRollup Layer2 helps solve this issue and path the way for ETH’s eventual pump. It was a no brainer to fill my bag with LRC in Jul’21. • Anyway, back to TA, a brief summary. • LRCUSD reached her peak during the previous bullrun at the 5.764 Fib level measured from top to bottom of her mid-cycle consolidation phase. • *Assuming* LRCUSD will not dump to 0.17ish levels again, the 5.764 Fib level measured from the LRCUSD’s 1st peak to the bottom of her mid-cycle consolidation phase will bring us to approximately $4.5. • LRCUSD has been in a parallel channel since Mar’20. *Assuming* LRCUSD reaches $4.5 and *assuming* this will be reached at the topline of this parallel channel, $4.5 will be reached around 14 Jan’22. This aligns with my gut sense that this bullrun will end by Mar’22 and the observation that LRCUSD leads the market, peaking before BTCUSD and ETHUSD (the latter reason is yet another good reason to invest in LRC and then swinging to ETH). • LRCUSD’s recent price action has been interesting. She does not acquiesce herself to momentum indicators that well (or maybe I’m just bad at short-term trading), but she has obeyed Fib levels quite well. *Assuming* LRCUSD does not dump below the 1.618 Fib level of $1.05, and *assuming* we have just witness Wave 4, the 5.764 Fib level from top to bottom of Wave 4 will bring us to $4.9, a level very near the previous $4.5. *Assuming* LRCUSD reaches $4.9 at the topline of the parallel channel will bring us to LRCUSD reaching this level at around 6 Feb’22, which is reasonable given our assumptions regarding LRCUSD leading and this bullrun ending by Mar’22. • Watch RSI levels too. It is not surprising that LRCUSD is consolidating after hitting a daily RSI of 90%, as she has done so throughout her history. However, LRCUSD’s price action has always been extremely violent, and it is too risky to engage in short-term trades (or at least if you are as bad as short-term trades as me). Trade macro, and hodl till LRCUSD reaches she reaches weekly RSI of 90%, where LRCUSD historically peaks during her bullrun. • In summary, **the range of $4.5 by 14 Jan’22 to $4.9 by 6 Feb’22 gives us something to shoot for, **watch the weekly RSI level of 90% to swing to ETH, and **this thesis is needs updating if LRCUSD breaks below $1.05, or **LRCUSD breaks the trendline linking her peaks on 12 Feb'21, 12 May'21 and 29 Aug'21, or **LRCUSD breaks below $1.05, or **LRCUSD breaks below the parallel channel.
BINANCE:LRCUSDLong
by AlphaBravoCharlie77
2