Loopring Breakout pendingDaily level has been respected, as you can see it has bounced off support multiple times once it has come above it. Ready for breakout on smaller timeframes. Just a matter of time….
LRCUSDT.P trade ideas
LRC TARGETthe first target was touched and the price chart started to reach the next target.note that the zone marked in the line chart are checked and the price chart reaches the targets even with shadows.good luck
Bullish EngulfingHello everybody,
As the title suggests, Loopring has just printed a bullish engulfing candlestick on the daily chart. This is complemented by a breakout of a bull flag with volume which is another bullish indicator. We are gonna be in for a ride the next few days. Price targets will be $6 respectively.
LRC/USDT TRADE SETUPLRC is gearing up for another bullish move.
Place orders between $2.797 to $3.319
Stop Loss: $2.416
Targets:
$3.797
$4.415
$5.218
$6.132
$7.171
$8.204
We will accumulate this coin with a tight SL and low leverage.
Note: Do not use high leverage and accumulate the dip to average the entry. This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
LRC Loopring coin is a sleeping giant ready to awaken!!LRC I have been checking out for a while now. It is a platform designed to run apps and help with all things DEX. On Oct 29th.. LRC starting to come to life.. gaining 1000% over a few days!!! If LRC had ADAs market cap it would be worth $50!!! And i think it can get there easy. LRC is def one to watch for, and something I will be keeping track of. Cheers
15min Technical Analysis on LRC Loopring These patterns occur on multiple time signatures
All patterns have the capability to fail
Nothing is guaranteed in the market but being to identify these patterns can help minimize risk and prevent unnecessary trading.
Update on LRCHello Everybody,
Quick update regarding LRC, after breaking above the falling wedge earlier today. LRC has witnessed a 20% gain. But I don't think it will stop here quite yet. We are currently trading between a bullish upward channel. I am targeting $4 this leg up.
LRCUSDT - breakout - true or false?Despite the break of a trend line, this wave may be wave C of a flat pattern.
As such, it may be a wave (b) in a larger corrective pattern, implying we will get the next move down.
Good luck!
LRCUSDT BRAKING OUTBroke up from descending channel.
Not financial advise.
Good luck to all the traders out there and don't forget to take profits on the way up.
LRC UpdateHello everybody,
After doing some TA on LRC. I have identified a bullish falling wedge that can bring us all the way up to 4 dollars. Enjoy
long on loopwhatch this one >1$ real soon as more start to come to L2s. Mas crossing and ether on a bull run.
$LRC buying opportunity$LRC is not done yet nice buying opportunity at 2.4 and 2
Initial TP: 5
SL: 1.9
LRCUSDTIt has stopped making Higher Highs but lower higher is not broken yet. Trading in range between major support and resistances
Better to follow trade plan for safer entry and exit, enjoy
Trading Idea - #LoopringLONG after Fibonacci Retracement (50%) completed!
ENTRY: 1.2890 USD
TARGET: 2.2500 USD (+75%)
STOP: 1.0000 USD
Loopring's objective is to design and engineer optimized exchange and payment protocol on Ethereum, and to operate products that bring it to users across the world.
LRCUSD Refusing to go below 3$ -> but willing to go above 4$After a correction of mearly .382 from the first 5 waves, LRC is refusing to break the support of 3$.
Both the MACD histogram and Stochastics point to a rally upward.
Expect a short-term rally for 3.5/3.6$, and see what happens when it hit's the resistance.
LRC Update / Consolidation @ 3.26 and movement soonAs you can see in the chart a consolidation has formed around 3.26(white line) while still being in an up trend shown by the purple line that also acts as support. I'm certain that if it closes bellow the purple line we will start seeing some downtrend. To where? I don't know, but If that happens I believe the next consolidation will be around 2.83(red line).
Volume is also having a downtrend as people are waiting for something to happen. You can also see clearly the wave patterns oscillating around the 3.26 consolidation slowly fading to a flat line almost.
We should be seeing some movement soon. Not certain where it will go but overall I'm still bullish on it.
Be careful lrc may retouch 1.5 levelAfter up we may see some high sell of lrc was one of the best gems some days earlier but it's over anymore lrc is a great project and has great fundamentals but after reaching to new ath it must retest 1.5 area so be careful and manage your stop losses.
Happy trading.
LRC USDT Note: First of all, candle closings in the upper box invalidate everything I wrote below and show that this analysis is wrong. If this box is not entered or this box is not passed, my thoughts below are valid.
Analysis;
Fibonacci measurement at 4H may suggest that this is an elliot wave. But I don't think it's the elliot wave.
1st wavelength is too long
2. sellers consolidated too much
3 indicator values seem too high to me.
Fan intersections marked as circles on the graph should work as supports.
Check the rsi when the price comes to each circle area. If the rsi in 4H still has not fallen below 35 or if the rsi has not fallen below 60 in the daily time frame, it is possible that the decline will continue.
A good trade is the one in the last circle.
Note: This is not Investment advice.
LRC/USDT .... what if?...BINANCE:LRCUSDT
It looks like a symmetrical triangle, or a flag, for example.
The symmetrical triangle is generally considered a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the previous trend.
This pattern is formed as a result of the convergence of two lines: downtrend resistance and upward support - both trend lines, when formed, should slope and converge at a point known as a top.
LRC Pump and DumpMy experience says that this looks like a pump and dump. I personally just sold another part of my LRC. Hope to buy it back between 0.5 USD and 1 USD. It is on All Time High related with ETH, much higher ATH vs BTC. I point out the sport to buy at 28 cents. We are now more than 10x profit (time to sell not to buy). I don't care if it goes much higher than this. There are other cheaper projects right now.
