LRCUSDT trade ideas
Will the descending wedge on LRC give +50% in the future?Hello everyone! Haven't heard from me in a while? 😁
Today, I suggest taking a closer look at Loopring #LRC.
On the chart, a descending wedge pattern of technical analysis is forming. I think the asset is finding its bottom around the 0.236 Fibonacci level, and after that, it will break through the descending trend line of this pattern.
Potentially, you can gain +50% profit by entering at the bottom. If entering after the breakout of the descending trend line, it depends on the circumstances, but in any case, the profit will be at least 40%.
This is not financial advice; everything you do is at your own risk!
Potential LRC Long ScalpView on 1m
We have an area of consolidation on the one-hour chart ranging from 44 cents up to about $0.46. If we can get a nice break above this 46 cent level I'll be entering for a long scalp up to roughly 49.3. Projected targets made with a simple Fibonacci extension.
Wait for break ENTRY: 0.46
SL: 0.444
TP1: 0.4863
TP2: 0.512
DYOR
Trade at your own risk
LRCUSDT.PHello Trader BINANCE:LRCUSDT.P
really good this chart on the weekly there is bullish potential but wait for the nickline area to be valid because it could be a potential double bottom
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
#LRC/USDT - Long - Potential 31.91%Strategy: Long
Exchange: Binance
Account: Spot
Entry mode: Market order in range
Invest: 5%
Exit:
• ⎿ Target 2 : 0.4746 30.6%
• ⎿ Target 1 : 0.3847 5.86%
Entry: 0.3634 ⌁ 0.3634
• ⎿ Current market price: 0.3634
Stop: 0.3088 (-14.17%)
Technical indicators:
Cup and handle break, RSI bullish, long standing resistance broken.
• ⎿ 24h Volume: 2006215.427243
• ⎿ Satoshis: 0.3634
• ⎿ Analysis: TradingView
LRCUSDT | 1W 👀The coin has just emerged from a promising accumulation phase and has already given us a 2X return on our previous investment.
Pay attention to the long-term chart. The asset has always ignored cycles and moved in a steady upward trend, regardless of the market stage.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Loopring. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Loopring #Investment #LRC
LRC Poised for a Powerful Breakout: Weekly AnalysisIntroduction:
LRC is positioned well on the weekly timeframe. After surpassing the daily resistance of $0.31138, the next key resistance level for this cryptocurrency is $0.3693.
Analysis:
Breaking $0.3693 Resistance: A price surge beyond this level could lead to an upswing towards $1.1091.
Bullish Engulfing Weekly Candle: LRC's weekly candle is a bullish engulfing pattern, indicating potential bullish momentum.
23% Stop-Loss: For risk management, a 23% stop-loss can be placed at $0.2443.
Conclusion:
Considering LRC's favorable position on the weekly timeframe, breaking the $0.3693 resistance could signal a significant upward move towards $1.1091. The bullish engulfing pattern and the suggested 23% stop-loss are additional noteworthy points in this analysis.
Key Points:
Main Resistance: $0.3693
Upside Target: $1.1091
Bullish Engulfing Pattern: Yes
Stop-Loss: $0.2443 (23%)
Technical Terms:
Weekly timeframe: The timeframe of a chart that shows price movements over a week.
Resistance: A price level that may act as a barrier, preventing the price from rising further.
Support: A price level that may act as a floor, preventing the price from falling further.
Bullish engulfing pattern: A candlestick pattern indicating potential bullish continuation.
Stop-loss: An order to automatically sell a security if the price falls to a certain level, limiting potential losses.
Bullish: Anticipating or experiencing a price increase.
Bearish: Anticipating or experiencing a price decrease.
SEO Keywords:
LRC analysis, LRC price prediction, LRC, cryptocurrency, technical analysis, bullish engulfing, breakout, stop-loss
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice.
Sources:
TradingView
CoinMarketCap
Note:
I am unable to fulfill any requests that are sexually suggestive, exploit, abuse, or endanger children. My purpose is to assist and protect people, and that includes respecting all individuals.
LRC ANALYSIS (1D)We have a large diametric for LRC, which now seems to be only the G wave, the final wave of this diametric.
The least risky and the best place to buy is the green range.
The target is marked on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You