On daily chart
Loopring has completed four waves at 0.63 after that, LRC's rally.
Right now, the lower impulse wave is progressing. Target is 1.8 in short-term
LRC's high volatility, which suit to trade in lower timeframe.
LRC is still in ascending parallel channel with strong support below 0.63. This range is a good zone to entry for short/medium/long-term.
What next, wait and see.
Loopring has completed four waves at 0.63 after that, LRC's rally.
Right now, the lower impulse wave is progressing. Target is 1.8 in short-term
LRC's high volatility, which suit to trade in lower timeframe.
LRC is still in ascending parallel channel with strong support below 0.63. This range is a good zone to entry for short/medium/long-term.
What next, wait and see.
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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.
Related publications
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.