BINANCE: LRC/USDT (Wyckoff Accumulation)🛒 Pair: LRC/USDT 🛒
== SPOT==
⏰ 1400/05/22 ⏰
🕰 13/08/2021 🕰
Duration:
📈 SHORT - MID📈
Ex: Binance
#260
🛒 Buy : 0.30 - 0.31 🛒
👉Sell Targets👈
🎯TP1: 0.345 🥉
🎯TP2: hidden 🥈
🎯TP3: hidden 🥇
🎯TP4: hidden 🚁
🎯TP5: hidden ✈️
⛔️ SL: 0.275
High Risk Trade as btc might see correction.
LRC just broke out of Wyckoff accumulation pattern with good volume. BTC did local break out from fib.0.5 level at 46800 and this caused bullish momentum on almost every chart in crypto market. for LRC, Money flow shows good money inflow to this market. but in indicators like RSI,CCI, St.RSI we can see overbought condition which gives the vibes of correction. that is all we need to jump in. i missed the best buy above POC at 0.28 but it's okay. market is full of opportunities.
Synchronized with btc, market healing and moving up. Bitcoin aiming for higher targets at 48k and 51k as two key resistances. Bitcoin dominance broken out of falling wedge in daily tf and looking for a S/R test. imo tomorrow will reject from this level and alt season will resume. this move will make enough room for altcoins to breath
LRCUSDT trade ideas
simple but effective LRC/USDTHERE is one of the best and simple technical analyst with trend line . as you see in the chart LRC looks bullish AND it completely , with high R/R . there is a full analysis of the Chart But I just show you the Concept and there is more on the way . If you want to trade this Position Please consider RISK MANAGEMENT.
LRCUSDT is creating a falling wedge 🦐LRCUSDT is creating a falling wedge and now the price is testing the previous resistance as new support.
A long scenario is valid only if the price will have a breakout from the wedge and from the weekly resistance, otherwise, if the price will lose the 4h support, we could see a retest of the weekly support. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
LRC Uptrend Possibility LRC looks good to me, in HTF it is likely
to moving in an imaginary uptrend channel,
i dont like to buy it at this level because
it is too overbought, but if the price
pass 0.27272 I will take it. in case it is a correction i could expect typically 0.48
for it and upper targets also available depend
on reaction to the first zone.
As minimum target 0.35 could be possible w
ith regard the BAT Pattern and also
breakout of trigger line.