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LRCPERP trade ideas

LRC 10-4-21 ready for next leg up!!!LRC has broken down from a bearish megaphone pattern into a parallel channel. Channel middle happens to be our support which took us in to a nice cup and handle pattern. stoch RSI is in perfect spot to make a move up into purple resistance zone. side note BTC has also made this pattern do able breaking from descending wedge pattern. if BTC holds we will see some good resistance from purple box, if BTC breaks out even more to the 51k-56k range expect a further increase into the .60s
COINBASE:LRCUSDLong
by Crypto-RyGuy
4
LRC to hit new weekly high?LRC recently formed a cup pattern from good weekly and daily volume. The top near .60. The bottom close to .20. However, energy levels are in exhaustion on multiple time frames (weekly and daily). Today's daily candle looks to be a shooting star candlestick. So I would recommend waiting for the "handle" to emerge for this cup and handle pattern to complete. As the "handle" forms during consolidation it will recharge the energy levels. With restored energy this should then allow for the price to move to a new weekly high (top of cup + depth of cup or .60 + .40) of around $1 USD.
COINBASE:LRCUSDLong
by ishorus
Loopring, The Time Has ComeThis one's set for an explosive move of unparalleled proportion. As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis. I've been stacking LRC for quite a while now. This is the one of the few remaining layer twos that hasn't seen its day yet. Largely in part because of its novel complexity(ZK-rollups) and the recent market correction, it has been difficult for the average joe to wrap their head around its utility. That's all set to change very soon. This is one of the most bleeding edge-crypto tech of its kind. We've seen Vitalik acknowledge this on several occasions. “In the medium to long term ZK rollups will win out in all use cases as ZK-SNARK technology improves” — Vitalik Buterin (creator of Ethereum ) vitalik.ca This is one of the the most stacked teams in all of the crypto ecosystem with some serious pedigree. Pioneering the next generation of L2. The product is about to reflect that real soon, making it one of the most popular decentralized exchanges of its kind. Comparable to its centralized counterparts like Coinbase, Binance, etc. medium.com medium.com miro.medium.com OBV - We're seeing buying pressure remain consistent in its trajectory. Seeing a consistent multi-month climb of OBV, regardless of the recent market volatility , it has maintained its structure. Overall it's looking good. RSI - Originally bordering on oversold and lying dormant, RSI's cooled down since the recent market correction and breaking out of a wedge formation. Ready to accommodate an explosive climb. MACD - Looks like it has been weighed down long enough by BTCs gravitational pull. Recently, flipping bullish after nearly a month. STOCH - On the BTC Pairing: We've been able to flip the stochastic from a recent downtrend, altering its trajectory back into a climb.
COINBASE:LRCUSDLong
by Trinium-Labs
1
still bullish on loopringIm thinking the weekly is a nice timeframe to understand. We are bouncing/recovering nicely off each MA, rsi is at the point of pivot. with how early we are in the game (<2.5k active L2 wallets) this is extremely undervalued! mild accumulation funnel possibly forming...( this pattern financialoccultist.com). with insurance DAO and governance coming demand will soon rise. rn there is onlt LP rewards so not many are buying this but in the coming times folks will fomo into this hard as L2 hype takes over. soilid play imo
LLong
by dead4586