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LRCPERP trade ideas

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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:LRCUSDLong
by TradingShot
3
LRC/USD 26/01/21 - Key Decision ZoneDuring the initial LRC pump, theres was a rotation area where strong buyers added to their longs, and the price continued to drive upwards from that zone - see left hand most volume profile. This zone should have acted as an area of strong support as price settled down from the ATH, however instead price dived through this zone to a lower level. This support should theoretically become new resistance, as it is where strong sellers added to their short positions - see right most volume profile. There has now been a pullback, providing an opportunity for a good position long or short depending on the reaction to this key zone.
COINBASE:LRCUSD
by sheep-crypto
2
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
BINANCE:LRCUSDLong
by euphoricSeahor60640
1
LRC - Finding Support At The 84? What's Happening Next?Happy Money Monday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== LRC reached the 84% Fib Level since last week and it is sitting on it at 0.77 as of this writing. What's next for LRC? A. Further dipping could bring LRC towards the KEY SUPPORT level at 0.3689 along with its 200 EMA Breaking KEY SUPPORT is breaking Market Structure and further confirmation of a longer bear season. The 100% Fib level sits at 0.1741. B. LRC could consolidate (move sideways) and move towards the Red Resistance Trend Line. C. The most unlikely scenario but nevertheless could still be a possibility is that LRC could do a U-Turn from here and go vertically to meet up with its 8EMA and possibly rendevouz at 1.2 MACD: Signal lines have downward momentum Stoch RSI: Oversold Region. Price action is KING! Always remember to place your Stop Loss. Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:LRCUSD
by RSibayan
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.
BINANCE:LRCUSD
by AlphaBravoCharlie77
Loopering - 40%+ increase trend an option Hello trading friends, This is an expecting target depending on TA data - manage always your risk and check for you the best to enter any coin and setup. There is not always a reason to enter markets directly. Depending on the trends expecting its possible that Loopering can hit 40% coming time into increase trends, the rule of this is that BTC should stay stable or increasing trend - and also that looping should hold the 1 USD with time frame This chart made 100% depending on TA Have a great day
BINANCE:LRCUSDLong
by watchtrend
1
LRC - Reached Key Support! What's next?Happy Hump Day, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== LRC - has reached key support level at 1.11 yesterday and held as it bounced back up now to 1.21 as of this writing. There's a bullish divergence on the histogram on the MACD on the 1Day TF (TimeFrame) The Stoch RSI on this 1 Day Chart just crossed bullish from this rebound and is poised to move upwards from its current position at the oversold region. If LRC gets pushed past the green support trend line, the next level to watch for support is 0.7469, otherwise if it continues to push past Resistance A, the 12 MA is the area of interest to see how LRC will react. If LRC pushes past its 12MA, the next resistance is Resistance B, and LRC breaking out of the falling wedge will bring an epic pump towards the Fib Levels above at: 38.2% = 2.1810 50% = 2.5131 61.8% = 2.8451 78.6% = 3.3178 Always remember to place your Stop Loss. Price action is KING! Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:LRCUSD
by RSibayan
The Bullish Loopy-Doopring Structure and Downside Risk (LRC)Newer crypto buyers are given a lot of criticism for not looking at token supply or market cap. A coin's market cap is calculated by multiplying its circulating supply by the price. As I just did with CRO, this can help make some comparative market analysis to try and figure out what the "fair value" of something is. This is a concept that exists in other markets, such as real estate, but can be applied to this market in order to make "educated" price predictions. Here's my reasoning. Loopring has about 10x the supply as Omisego (OMG), and is currently ranked higher in market cap. LRC has close to 1.4 Billion coins. This is somewhat of a similar token supply to Uniswap (UNI), which has 1 Billion coins. Uniswap is currently trading at just above $20. So, perhaps, LRC can achieve a price target of $10+ if it breaks into the top 20 by market cap. But I do not think this would be likely to sustain. See OMG from the 2018 peak. These coins have similar use-cases, but LRC seems to have gained a lot of attention recently. OMG faded into obscurity during the bear market and dropped by as much as 99% in value from $30 to $0.30. Yeesh! INTERESTINGLY ENOUGH, LRC's recent peak is pretty close to Omisego's 2018 peak, in terms of market cap. Can a layer 2 coin like this achieve a higher market cap? Not so sure. I don't doubt that the protocol is useful, but does the token itself have much value? The ascending broadening wedge on my chart shows expanding volatility as price goes up. It is very rare for something to break out of an ascending broadening pattern to the UPSIDE, but should LRC breach the resistance, it can perhaps make one last run towards $10-20. Otherwise, LRC is in danger of falling significantly back towards the middle of the wedge at least, putting it back in the low $1 range. There is shallow support near $1.90 as well. Perhaps LRC can also test the top of the wedge again at a later date (marked by a speculative green X), at a slightly higher price, once things have cooled off a bit. Holding current levels would also be a good sign, since this is the 2017 all-time high. But one issue here is - even with all the GME-like hype and excitement, it's only resting at the previous ATH? It managed to get to this point in the last bull market for apparently no reason at all. Crypto never ceases to amaze. So far, this bull market has been relatively tame compared to 2017. For instance, XLM went from 1 cent to 90 cents in just several weeks back then. Let's see what happens! This is meant for speculation and entertainment only, not financial advice. -Victor Cobra
COINBASE:LRCUSDShort
by VictorCobra
13
LRC - Upside, Sideways, or DownsideThree scenarios may play out but no matter what your position is you'd be hoping for either Scenario A or C and not B. LRC is still below the Red Extended Resistance Trend Line and the 12EMA. LRC is in a Falling Wedge (Bullish Pattern). Stoch RSI: Oversold Region RSI: On the 4HR TF has a Bullish Divergence. Breaking the Green Support Bar could bring LRC down to 1.11 LRC meeting up with the 12EMA could push price back up to 1.6 - 1.7 LRC could continue to range inside the Falling Wedge this week. Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:LRCUSD
by RSibayan
6