Here Loopring (LRCBTC) is facing resistance at EMA300 (the grey line at 0.00000564)... This is a "decision point".
If this level can be conquered, prices can jump straight up (green arrow).
But, if instead EMA300 is too strong, prices will retrace (red arrow) before jumping up (blue).
Overall, this is a strongly bullish scenario if you take into consideration the MACD, RSI, and the altcoins market as a whole.
This is not financial advice.
Thanks a lot for your support.
Namaste.
If this level can be conquered, prices can jump straight up (green arrow).
But, if instead EMA300 is too strong, prices will retrace (red arrow) before jumping up (blue).
Overall, this is a strongly bullish scenario if you take into consideration the MACD, RSI, and the altcoins market as a whole.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Note
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