LRCUSDT trade ideas
Loopring (LRC) formed big bullish bullish BA for upto 430% rallyHi dear friends, hope you are well and welcome to the new trade setup of Loopring token ( LRC ).
During the current market drop on a weekly chart, LRC has formed a bullish BAT pattern. Right now it has moved up after completing the final leg, we can wait for the correction to catch it from the potential reversal zone.
LRCUSDT - Long signal by Supertrend 1/30/2022- H4 timeframe: main trend.
...Supertrend indicator is Uptrend.
...ADX H4 > 26: strong Uptrend.
- H1 timeframe:
...ADX > 26: Strong trend,
...Open buy when close crossunder supertrend H1.
LRC Channeling (sort of)I've attempted to read LRC last week, and kind of succeeded.
Drawing an ascending channel from January 21st, LRC has reached the top of it. Coincidentally the price is in the Golden Pocket of the Fibonacci Retracement taken from the high of January 19th to the low of January 22nd.
If there is a decisive brake down from the Golden Pocket, I expect LRC heading towards the 0.5 (~ 0.9462) Fibonacci Retracement level. Ideally that'll happen at the intersection of the Ascending Channel center line and 0.5 Fib retracement level.
Two notable points of interest on the chart are:
#1 The beginning of Daily Support channel, tested a few times since February 2021. Ranging from 0.91 to 0.7475
#2 Hourly Support since January 21st 2022. Ranging from 0.8716 to 0.8680
Support lines come into play if LRC reaches and breaks through 0.5 Fibonacci Retracement level.
Target 1 = 0.5 Fib Retracement (~ 0.9462)
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
BINANCE:LRCUSDT
BYBIT:LRCUSDT
FTX:LRCUSD
Loopring longLoopring broke trough off the upper boundary of descending channel. Bullish movement to resistance level at 1.63 is expected to happen.
LRC is shorter than ever .. get the easy money now. It won't make it past 1.10 even if it had all the volume... its a tank. Went up to fast in such short periods. It must go to at least 0.55. Watch for trend reversal in between but imo a comfortable short.
lrc usdtlrc usdt
Hello friends. This is a personal analysis, you must analyze it with Ramesh and make a profit
LRC 1D Careful, maximum is close, and then it will hurtToday we will consider the trading pair LRCUSDT.
There is not much to write here, a long accumulation of Loopring token around $0.40-0.50 has logical completion — the price pump.
The trigger for the jump probably was some important news for the project, right? Please share the information in the comments below the idea.
Also, similar consolidation was observed in LRCBTC pair , there price reaches strong liquidity zone from above.
At the moment the lucky ones can fix x7 profit, maybe even the price of LRCUSD will give x10 at around $4-4. 40, but you should not test your fortune, because the price is very high and the downfall might be very painful , around $0.90-1.00.
We had a similar situation in IOTEXUSDT, and we warned crypto-market participants very timely that they should forget about longs and gave them levels to buy again.
You can see the result in the idea below.
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LRCUSDT 15m tf structure brokenLRC was consolidating in a bullish pennant structure in 15 minute timeframe and has finally broken through it. The stop loss has been placed just below the low of previous candle. Looking for a 10% gain here.
LRCWe still have one more step down so don't get your hopes up that we have bottomed - this is a trap to suck your soul out.
Do you grow or fall?The price is supported in the dynamic support range.
We have to see if the price continues to be supported or if this important support is broken.
Loopring - Green trend cycle long termHello trading friends,
Also, LRC did break down depending on the last trend of BTC.
Same time know that LRC has a green cycle trend - what means for the long term is still interesting.
Coming time there will be more targets updates of LRC.
Have a great day.
This was one of the most shilled tokens recentlyJust a reminder, that in crypto, whatever is currently trendy and hyped is very highly likely an organized endevour to propel the price high in order to create an exit strategy for someone.
To all the bagholders who bought these highs, if you imagine that it will bounce back - accept it won't. Ever.
It will likely continue going down until it loses 99% from the high.
Have fun.
LRCYou can just keep putting new rebound bottom arrows everytime it drops another 20 cents. Look at the full chart here.
BTC is at its last point of rebound and if we don't in the next 3 days you can nearly guarantee 60 cents for LRC.
Whether you like it or not this is what a pump and dump is.
If you got sucked in by hype all you can do is wait and hope it gets back to its highs or short it to 60 cents. Both take big balls when all you have is a rumour.
lrc-low targsthis is a chart. it has some major VWAP spots marked on the map by free-hand. It has some fib retracements and fib extensions. it is nice and simple stuff, just the volume weighted zones here thanks.
Good a couple months of hell for the start of this new year
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LRC Builds New Temporary Bottomhello guys , every thing is on chart , fibbo levels , supply zone ,
LRC Ready For New Temporary Spike Like Shiba Inu before Continue Falling More .
2 ideas for bottom :
1- double top pattern bottom : 0.65 - 0.75
2- bottom based on fibbo and demand zone : 0.9 - 1.15
Targets : On Chart
SL : Daily Candle Close Blow 0.6 ( For Hodlers )
Key area.If we don't break the 130ish area in the coming week then we will surely see 60 cents by February.
If we do we need to fight to get back into trend, fight to get above ma, fight to get above other resistances/cloud.
The only thing that is going to bring upward movement is a release from Looping or GameStop. Expect another dump tomorrow and dumps until the end of January.
I'm holding for the long term but it's good to compare sentiment, developer release schedule, and news to price movement.
A waiting game.
Lrc keeps lagging behind even though btc made 2 power moves on 5Seems like they don't want to save LRC presumably they want to liquidate all those long position on LRC. be cautious the 4 hour time frame made a good movement which could be continued even by following btc. But changed the direction which is suspicious.
LoopRing Not Too Late!Grabbed Loop the other day at 1.11 based on the hourly divergence on the RSI AND the 200DMA support coming in. Saw some good movement from there and it has recently retraced the whole move it made on the 15M chart. This is not investment advice.
LRC time to buy and pump?as you can see, we just hit good support on here, if rejected again it might be go to 0.9-0.8 area
