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LRCUSDT trade ideas

LRC: Pullback in UptrendLoopring (LRC) technical analysis: Trade setup: Following a bullish breakout from Falling Wedge pattern, price reached our target $0.50 where it got rejected. Pullback near $0.30 support and 200-day moving average could be a swing entry. Momentum is inflecting bullish again (MACD Histogram rising). Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance: Nearest Support Zone is $0.30, then $0.20. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
LRC BULLS TO TAKE OVER Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. QUICK UPDATE ON LRC As we can see price is still overall bearish making clean lower lows and lower highs However, price now is around a strong support zone where we will be looking for new bullish reversal. So, for the bulls to kick in from a short-term perspective we need a break above the marked major swing high. Until that happens, we are still bearish, and price can still dive more before reversal If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
LRCUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for LRCUSDT In the current chart, R3 used to a support area. R1 is the resistance area which contains the unsuccessful attempts of price to rise. S1 used to be a resistance line. And S2 is our support line at the bottom with its well support of price at several points. Presently, the price was able to have a noticeable rise and touch S1 and then by having a falling trend, it could break S1 upward and now it is fluctuating over it. We will predict the price to give us some rising signs and an increase is waiting for it to touch R1 besides the activation of the long position of our chart. Or even by not being supported, more fall would take place for the price downward to lower amounts. We recommend you to have every piece of information and idea via our analyses for receiving more profitable trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
2
LRC: Approaching ResistanceLoopring (LRC) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern, was confirmed with a break above $0.30 key level to indicate bullish trend reversal. Price broke above $0.40 resistance to resume uptrend and reached our target $0.50. Now we wait for price to either 1) break above $0.50 to resume uptrend, or 2) pull back near $0.40 support for a swing entry in uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.40 (previous resistance), then $0.30. The nearest Resistance Zone is $0.50.
Long
by altFINS
1
LRCUSDT is testing the resistance inside the BullflagThe LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level. The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market. A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart. Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities. According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
Keep Your Eyes on LRC (Short with tight stop or Long at BO)Attention traders! It's time to buckle up, because LRC is facing some serious rejection at a major resistance level on the 4-hour timeframe. But don't be intimidated by this wall of resistance, because we're not backing down. We're going to wait for the breakout before opening any long positions, or you can even consider shorting with a tight stop loss above this resistance. Remember, guys, risk management is key to success in the markets, so keep your cool and stay focused. Get ready for some wild times ahead with LRC!
by FortuneAI