LRC Falling WedgeLRC broke out of this falling wedge. This is a bullish signal that could cause the price to double.
LRCBTC trade ideas
LRC Loopring a good investmentI swapped LRC for Bitcoin right before the top and I've been waiting for a good re entry. I think this is a safe zone. It could go lower and maybe even fall through the support zone so this isn't a scalp trade. I think in a month or two you'll look back on a buy here as a good idea. I'm not ready to YOLO here, but a nice DCA is looking pretty sexy.
It is trading below the 50 day EMA, and I think this project has enough traction to find a nice liftoff from it's microscopic market cap of $660 Million. $2-3 billion market cap in April???
There's nothing bullish about the technicals aside from the fact that it's already really low, I'm simply expecting this to gain popularity in the next two months.
LRCBTC possible reversal soon?Possible descending wedge formation. I'm hoping for a breakout to the upside soon.
LRC/BTC -Historical data shows it's Gonna face a massive growthHi there,
Last time MA 50 crossed MA 200, it had about 600% growth. So set your mind to it.
Loopring might rebound viciouslyRSI bottomed for now, waiting for volume to come in.
Broadening wedge could be a bearish sign
Some basic TA, what do you think?
$LRC, Crossing over ~1500 sats resistance level$LRC
Crossing over ~1500 sats resistance level & trying to flip it to support for the 1st time on this upside trend.
If manages to keep pushing, then aiming for ~1800 sats as next target. (~25%)
UCTS showing buy signals across multiple timeframes (~30% since 1D Buy)
#LRC
Loopring wants a breakoutLoopring is looking good at the BTC (and the USDT) pair and is primed for a breakout (if King Bitcoin allows it).
LRC: big breakout possibleIt looks like there is a major resistance about to be broken. If this happens, the price could be pushed very high.
loopring consolidating on btcAfter its mad pump it is time to consolidate. If you consider getting in loopring, this is a great time to invest.
Layer 2 scaling enabled decentralized high frequency trading in a way no layer 1 DEFI project can even dream of. With zkRollup being a brainfart of vitalik buterin, loopring will be standing in front of the layer 2 revolution. Next OMG and Raiden.
Loopring (LRC) +108% Within 48 hours... The Basics ExplainedLoopring (LRCBTC) has grown by 105%+ in the past two days/candles... Massive if you ask me.
We had similar action back in November that ended up being just a fake bounce, this is marked in yellow.
When we look back at November, we only have one day with good/strong volume and the RSI was really low.
Looking at the present time, we have a very strong volume yesterday and today with a very strong RSI right away... But there is more.
Back in November LRCBTC closed below EMA50.
Present prices are moving ahead and going to challenge EMA100... Multiple signals are showing this move to be much stronger... Additional growth can follow next.
Thanks a lot for reading.
This is not financial advice.
Namaste.
P.S. This chart can be traded but we do not trade here... We do not trade when the action is already on-going.
We look for the altcoins/pairs that are trading around support and BEFORE the breakout, wait patiently and collect maximum profits.
When the action is already underway, this increases the risk and makes it hard to trade.
Everybody has their own system, of course, just make sure to build a plan before you trade.
