Will the descending wedge on LRC give +50% in the future?
Updated
Hello everyone! Haven't heard from me in a while? 😁
Today, I suggest taking a closer look at Loopring #LRC.
On the chart, a descending wedge pattern of technical analysis is forming. I think the asset is finding its bottom around the 0.236 Fibonacci level, and after that, it will break through the descending trend line of this pattern.
Potentially, you can gain +50% profit by entering at the bottom. If entering after the breakout of the descending trend line, it depends on the circumstances, but in any case, the profit will be at least 40%.
This is not financial advice; everything you do is at your own risk!
Today, I suggest taking a closer look at Loopring #LRC.
On the chart, a descending wedge pattern of technical analysis is forming. I think the asset is finding its bottom around the 0.236 Fibonacci level, and after that, it will break through the descending trend line of this pattern.
Potentially, you can gain +50% profit by entering at the bottom. If entering after the breakout of the descending trend line, it depends on the circumstances, but in any case, the profit will be at least 40%.
This is not financial advice; everything you do is at your own risk!
Trade closed: target reached
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