LRCBTC trade ideas
There is a possibility for the beginning of uptrend in LRCBTC Technical analysis:
. LOOPRING/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000050 to 0.000043). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000050)
Ending of entry zone (0.000043)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000061
TP2= @ 0.000072
TP3= @ 0.000079
TP4= @ 0.000093
TP5= @ 0.000108
TP6= @ 0.000154
TP7= Free
There is a possibility for the beginning of uptrend in LRCBTCTechnical analysis:
. LOOPRING/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000050 to 0.000043). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000050)
Ending of entry zone (0.000043)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000061
TP2= @ 0.000072
TP3= @ 0.000079
TP4= @ 0.000093
TP5= @ 0.000108
TP6= @ 0.000154
TP7= Free
20 June - Bullish signs on LRC/BTC (4 hour)Excuse me for posting it kind of late. So after a long downtred you see that the trend is moving sideways. Normally I would say that the trend will go down afterwards, but this time we see something different.
Now we see that the last candlestick (12:00) ended up in a hammer, with high volume. Also you see that this is our second test of the uptrend and our first test of the support line. So my conclusion is that Loopring (LRC) is likely to go up.
So my stop loss would be the support line or a close below the uptrend
My first target will be at 5867 and my second target would be at 6590, of course anything can happen meanwhile
ALWAYS keep in mind! That this is NOT an investment advice, but an analyse . You can do whatever you want with this information, so trade at your own risks!
LRC: possible retrace soon?LRC is sitting in a strong support zone at the moment. It is also in the golden pocket between the .618 and .786 FIBs from the previous run up. If it breaks out of the ascending triangle and clearly above the upper red line, this may signal a reversal. ALSO, they are airdropping $LRN beginning July 5th. If a major exchange announces support, this could rocket price IMO.
LRC: Moving within triangle, bouncing off strong supportHello hello! Please take a moment to read the description on my profile. Ensenada, Mexico needs our help! Anywho, LRC appears to be possibly bouncing off a strong support here and moving within a very slightly descending channel. I see it as a fairly easy 8-10% trading within the triangle and below/at the 200 day EMA. This support line had strong bounces all the way back in January and February. Coincidentally, It happens to land on the .618 FIB of the most recent run up and retrace, and lands in the golden pocket (between .618 and .768 of the all time high and low.) Could see some very health gains if it breaks out above the descending blue resistance line. In addition, they will be airdropping $LRN token to all $LRC holders on July 5th.
Loopring vs Bitcoin May Shoot Up AnytimeRecently Loopring found the support at 61.8% Fibonacci retracement level, that is 6500 satoshis. Along with the Fibs support, the 4/1 Gann Fan trendline has also been rejected suggesting the continuation of the uptrend.
The consolidation now has taken almost two week, but price still failed to break below the support level. It seems that LRC/BTC is ready to rapidly start moving upwards, while the consolidation comes to an end.
Strong resistance is seen at 14300 satoshis, that is confirmed by 23.6% Fibonacci retracement level. This is a key resistance for Loopring, and if it manages to break above, further growth should be expected.
LRC could go down, but in this case, daily break and close below 6k satoshis is required. Then price could decline towards the uptrend trendline or even down to 4k satoshis support.
LRC (Loopring) Potential Trading Opportunity!Criteria's is on the chart! Nice bounce from there and at the moment small pullback where You could enter the trade!
It could be short-term "pump" but launching platform is there ;)
Good Luck!
Buyers are waking up! BINANCE:LRCBTC
Buyers are making the price action movement.
Post Adoption buyers are making de correction
LRCBTC - Perfect Cup and Handle formationThe beautiful cup and handle formation is in the near future.
Loopring Buying OpportunityAfter a very bullish rally in January, LRC was also in a correction since then. After confirming its uptrend, its trying to make an elliot wave.
Entry Point : 9000
Targets :
Target 1 : 10966 sats
Target 2 : 12792 sats
Good Luck.
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your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
LRC 6 Hour chart: Big potential in the mid-long term>?Hello hello! I already have a 30 minute chart posted, but wanted to take a look at the bigger picture. LRC has been looking awesome. It blasted through the current resistance zone and still has healthy RSI and other indicators. It looks like we are now forming a large bullish pennant on the 6 hour. If the pattern plays out we could see it elevate another 40% in the mid term. Currently on the 30 minute, we appear to be creating a rising wedge, which can be a bearish reversal pattern. I'll be looking for it to possible fall through this and retrace back into the pennant a bit before pushing up and out. I haven't entered this trade yet, but thinking of doing so within this pennant.
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
LOOPRING: NEW DEVELOPMENTS = 29.63% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 29.63% PROFIT!!!
The increase in price may also be explained by positive developments including:
8 April: Loopring gets listed on Bitfinex.
12 April: Deployment of LRN (Loopring’s protocol token on NEO) on the NEO blockchain, with NEO working on ways in which to allow LRC holders to recieve their LRN.
19 April: Potential partnerships with xGoogle Blockchain Alliance (GBA) which involves the incubation of high quality blockchain projects by ex-Googlers.
20 April: Loopr beta2 wallet opens for public testing. Its trading features were available to Ethereum addresses with 10K or more LRC.
20 April: Loopring partnered with gate.io, GEX, SYEX, IDAX, and Bitpaction to list LRN, Loopring’s protocol on NEO, on May 1st.
23 April: Loopring's wallet (Loopr2) test's coming to the final stage.
26 April: Loopring publishes update on LRN Airdrops to detail our the LRN airdrop plan.
29 April: Loopring finalises the timeline to distribute LRN to private investors and LRC token holders. Private investors will receive 20% of their LRN on May 1st, 40% on July 1st, and 40% on Sept 1st; LRC token holders will receive LRN airdrops on July 5th, Sept. 5th, and Nov. 5th.
These factors have together with the substantial increase in trading volume have led to Loopring's increase in price. Most of the trading volume is coming from Chinese and Korean exchanges accounting for 100% of all trading volume.
LRC Long PlayShowing signs of staying above 0.618 fib. Can wait for longer for confirmation and consider entering trade. Pull off some profits along the way.
