LRCUSDT trade ideas
LOOPRING LONG SETUP LRC/USDTLoopring currently sitting down at the .886 and at the POC of the entire range and printing HL and HH
for a market structure change .
I have measured some regions on the chart pulling Negative Fibs and Standard Fib retracement tool for areas of confluence
although I have kept some info at a minimum to keep the chart looking clean .
I decided to take away all the Daily/weekly levels except for a few as these areas will add to the resistance at those regions.
Not all levels are displayed again just to make it easier to read so pls do add your own levels if need be .
FIB Speed fan also used from High to Low and aligns very well with our areas of confluence that are highlighted.
As seen in the chart I have outlined 3 regions for taking profits but its your responsibility to determine your own
invalidation and entry .
If BTC decides to drop then no alt coin will hold regardless of how bullish the asset is so ensure to follow your Risk management plan
and have awareness of BTC.
$LRC LRC ABC correction targets (potentially completed Cycle I)an ABC correction taking place
should get rally bounce once BTC completes projected wave 1 of ABC.
From there I'd suspect further downside for LRC to resume bearish sequence in potential WXY for a larger degree correction while BTC is completing cycle II correction.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
CHART PATTERN ANALYSISseen a pattern always looks nice, because to a point we can clearly see the direction at which price is about to move. In point we see price fall an found a support and with that formed a double bottom and move to it's neckline. the point at which we focus on what next, if it breaks the neckline we see an upside in price.
LRCUSDT H4 LRCUSDT H4 harmonic formation expectation, I predict it to reach 1.55 first, I predict it will fall to 1.10 after 1.55 level. I wish you good luck. The investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided individually, taking into account the risk and return preferences of the individuals. The content, comments and recommendations contained herein are of a general nature, which are not in any way directive. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.
Loopring 2022 Buy OR SELL Signal FORECAST NEXT DALLY TREND CHART(LRC) Loopring 2022 Buy OR SELL Signal FORECAST NEXT DALLY TREND CHART
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58 cents or 1.68Looks like a new trend is beginning to form and will hold up for a while longer if we break here now. If not expect 58 cents to be the final bottom bounce point which is its long term trend line.
We must hold that long term trend or we are 100% in a new, longterm, bear market and we could see LRC plummet another 75%.
Loopring (LRC)On the above 1-day chart price action has increased 600% since late July, amazing. A ‘incredible sell’ signal has now printed indicating the probability of further upside is limited for the time being.
Is it possible price action increases further? For sure.
Is it probable? No.
A breakout above $1.44 could occur, in that situation look for an exit around $2.10.
As the correction takes place look for support around 86 cents and then 66 cents. Historically speaking the 50-day EMA (blue line) has offered strong support when price action was in a uptrend. It is currently at 70% correction away!
Good luck.
WW
LRC/USDTIf the downtrend line breaks, support is confirmed at the desired time frame, and by breaking the downtrend line in the RSI, the level will be more confirmed.
You can fluctuate with me from the market, provided you are well versed in analytics, and with the signals that I announce with my own vision of the chart, you also check and enter with your own vision.
LRC/USDT SHORT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick LRC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-LRC/USDT 4 Hours Update Triangle pattern has broken from the downside and continues like down we can short buy here in CMP with low leverage per 2x or 5x and hold 1st, 2nd, 3rd, and 4th to the target.
Entry:-CMP SHORT BUY
Target:- 20% to 30%
Stop loss:- 0.9867
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
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$LRC Loopring Bullish BatReally nice structure here on Loopring, but we have only seen a reaction so far. You really want to see a second test of the lows for confirmation, preferably with a higher low which would give traders the implication of accumulation. Again, this would be contingent on BTC making a bullish advancement, however if we see further correction and this structure holds up, that would be quite the statement.