LRCUSD trade ideas
Loopring Upsideare we ready for this run again. its incooooming folks, less downside than upside at this point should be a sing of accumulations
Loopring Relief?Before looking at any altcoin, we must look at the status of Bitcoin. BTC is in a healthy short-term uptrend after having a 75% drop to below $18k.
- If Bitcoin is able to make a move to $27,500 - $30,000 we can see alt coins like LRC following suit.
BITSTAMP:BTCUSD
Loopring has been in a comfortable uptrend from $.30 to $.50 for the past 2 months, accumulating for what looks to be a move to the upside and some relief after a long -90%+ move.
TARGET: ≈ $.80
- Keep an eye on BTC because looks like buyers are slowly & quietly moving back into the space.
Can be down to 0.18, zigzag waveOn daily chart
COINBASE:LRCUSD has reach to golden ratio of correction wave at 0.32
Wave C = 1.382 Wave A
However, wave C's not done. It can be down to 0.18 to complete the impulse wave with golden ratio at 0.32 (the lower third wave).
0.18 which is the invalidation of higher impulse wave, it's also a strong support for long-term.
Time will tell