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
LRCUSD trade ideas
Loopring longA correction to major bullish trend stopped around Fibonacci 0.5 level. A continuation of ascending trend to 1 Fibonacci level is expected to happen.
Two Thumbs Up Chart Pattern 4 LRCHahahaha sorry if you had to see this and your reading this, its a good drawing I know! No but in all seriousness LRC hitting resistance as shown in purple rectangle. Hoping for a bounce down to suppport below and hopefully take off again to higher gains following this drawings lower arm :0. (NOT FA!)
LRC/USD retest ATHif we have a pullback that zone 1.5-2.1
is worth for jumping on this market
keep it simple
good luck
trade based on your decision
My analysis on Loopring. Hello, this is my analysis of loorping.
I am bullish long term on looping but bearish on the short term.
There is a lot of hype going on for the 8th of December which is the press conference of GameStop, I do not think they will announce anything on that day that will create a sell-off.
I am also predicting that BTC goes down towards 47000 then 42000 then 38000 until it bounces back before the end of December.
I think the announcement of GME x Loopring will be end of December
-
Thank you for reading my analysis.
Have a great day.