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Loopring / TetherUS

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LRCUSDT trade ideas

LRCUSDT 1H. Time To Sell ⏱️ Loopring, LRC has been on a massive up-move for days. It did over 300% . But all good stuffs must come to an end. It peaked out on the 4H chart at near $3.90 . Where I took my profit, because I saw the perfect indicator. After this I tweeted how it needs to cool off yesterday. This is 1H chart, Double-Top formed already. Failed to make Higher-High after previous bounce at 0.5 Fibonacci. MA 10 is already broken twice on 1H. RSI bearish divergence in progress These are the signs, time to cool off for LRC . Time to take profit if you haven't already Various support shown on the chart , support previously tested and the one yet to be tested. Follow @CryptonKidd for daily analysis PS : Tell me any Token you want me to do analysis on. I'd consider it.
Short
by CryptonKidd
3
Loopring(LRC) Triangle Pattern Ready for Breakout Hello. Loopring(LRC) which has been consolidating over the past few days in a symmetrical triangle pattern. But the time is coming for LRC to finally move again. In my technical analysis LRC may go upwards. Prior to the triangle pattern, LRC skyrocketed from a mere .40 to a high of 1.71. After the skyrocket LRC remained silent for a while with low volume. This means an incoming move is happening soon. There is also a mini consolidation, marked with a purple dashed trendline. Price already broke out of it, which is bullish. The RSI also formed its own pattern, with an early upside breakout compared to the price which may mean that price is breaking out to the upside soon. The 9 and 20 EMAs should hold if the bullish breakout is to be strong. Right now, they act as a support. In my opinion, I would consider the breakout to be taking place if the 0.5 Fib is broken. After that we might see a rally to the 1.618 Fib. What do you think about Loopring(LRC)? Tell me in the comments! Thank you for reading! Constructive feedback is appreciated!
by Trader_ph
2