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Loopring / Bitcoin
Long
Updated

Loopring High Volume Inverted Hammer (Weekly & Daily)

893
Loopring (LRCBTC) just printed a high volume inverted hammer which is visible on the daily and weekly time frames.

Daily: snapshot

Weekly (needs weekly candle close for confirmation): snapshot

Here is the long-term chart with long-term targets: snapshot

  • We can also notice the RSI oversold.
  • Bullish divergence on the MACD.


These signals indicate that LRCBTC can start moving up from this point forward...
So keep an eye out on this one.

Feel free to follow, comment or hit like to show your support.

Thanks a lot for reading.

Namaste.
Note
Consolidation.
Low bear volume on the drop.
After consolidation, higher low and move up.
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alanmastersBeyond Technical AnalysisbinancebitmexbittrexTechnical IndicatorsloopringLRCLRCBTCTrend Analysis
MasterAnanda
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.