LRCUSDT - Possible uptrend continuation 🔼Analysis 🔎: LRCUSDT brokeout above the symmetrical triangle's inclined resistance.
Price hit a new All Time High (ATH) and retraced.
Price is testing the flip horizontal support + key fibonacci retracement levels.
Price action is printing the inverse head and shoulders trend reversal pattern.
A bullish pin bar (hammer) was formed at the swing low (inversed Head).
Possible uptrend continuation.
Buy entry ⬆️: breakout above the inverse head and shoulders neckline resistance.
Targets 🎯: previous swing high (ATH), fibonacci extension level (1.0).
Setup invalidation ❌: breakdown below the right shoulder support level.
Loopring
LRCUSD potential correction targetsAs most other crypto assets out there, LRC is clearly overbought.
Fibwise, targets hit perfectly fit with a completed wave I, and start of a reversal in a correction wave II. Ether short (top yellow target) or deep, lower ones, I see LRC correcting to one of those levels before kicking in wave III, making new highs day after day.
Not a financial advice.
Happy trading.
Loopring (LRC) +108% Within 48 hours... The Basics ExplainedLoopring (LRCBTC) has grown by 105%+ in the past two days/candles... Massive if you ask me.
We had similar action back in November that ended up being just a fake bounce, this is marked in yellow.
When we look back at November, we only have one day with good/strong volume and the RSI was really low.
Looking at the present time, we have a very strong volume yesterday and today with a very strong RSI right away... But there is more.
Back in November LRCBTC closed below EMA50.
Present prices are moving ahead and going to challenge EMA100... Multiple signals are showing this move to be much stronger... Additional growth can follow next.
Thanks a lot for reading.
This is not financial advice.
Namaste.
P.S. This chart can be traded but we do not trade here... We do not trade when the action is already on-going.
We look for the altcoins/pairs that are trading around support and BEFORE the breakout, wait patiently and collect maximum profits.
When the action is already underway, this increases the risk and makes it hard to trade.
Everybody has their own system, of course, just make sure to build a plan before you trade.
LRKCLoopring Daily Chart Liquidty Mining Starts Jan 7thI have laid out my idea on the daily LRK Loopring chart, if you don't know LRK is giving away millions of incentive Loopring tokens as an added bonus incentive for a couple of weeks starting Jan 7th The link is where you will find the wallet download its not in the play store yet. They are running three different pools with incentives you can start depositing or using the app for swaps ect. This is not financial advice just an idea of mine, do your own research before opening a postion. Please comment and like with anything to add the next few days should be interesting with lots of action.
Scenarios for THIS reversal pattern & where price can be headed*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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Loopring (LRC) - September 20 (1W)Hello?
Dear traders, nice to meet you.
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As it rises above 0.14871109, it is completely off the floor.
In order to create a new wave, you need to make sure you can get the support above 0.14871109.
We do not recommend new investments as the uptrend has not yet ended and we do not know where to sideways.
If it falls, we need to see if we can get support at 0.19715322.
It is expected that the movement to create a new wave will proceed, so we will have to watch it with a margin.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
LRC Coinbase Pro listing 14 & 15 September. +10% Profit Target LRC = DEFI + ZK-Rollup: Scaling Ethereum for the long-term (one of the most favorable scaling methods) + Coinbase News.. Bullish? Maybe? Maybe?
Indicators? No. Why make it difficult?
LRC Coinbase Pro listing 14 & 15 september. +10% Profit Target.
Price is now about 0.265 dollar. I would set target to 0,294 dollar. 10% and more definitely possible.
See the explanation in the chart. The Bitcoin gods can favor the market, if yes then HIGHER definitely possible.
Note:
Bitcoin is in an UNSURE situation. It can go to about 11.000, or back to 10.000 in the next week, who knows? It is risky to trade alts at THIS moment. Remember to set a stop loss.
Analysis - LRC/BTCHello friends!
Today we will consider another token that has risen from the dead. Hype around defi is still strong,
which means that all these "promising projects" will still be pumping properly.
The analysis presented above is based on the typical patterns of this season,
the current phase is called the runaway train.
Don't forget to place stops and take your profits if you can.
LRCUSDT ANALYSISIt is above the new support(horizontal) line ( $ 0,19890)
It is ok to buy this coin now you already got buy1 signal and watch carefully EngineeringRobo' s sell signal
If you hold this coin time to sell it ( take profit)
On the other hand, EngineeringRobo gave Sell 1 & Sell 2,Bear and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
Have a good trade . If you want to use EngineeringRobo please dm me.
LRCBTC analysisBuy 2,bull and moon signal say we can buy. Here is my analysis:
1. We can buy when risk/reward ratio is greater than 2, we can buy
2. We can buy at support (chart has just broken resistance) = 17.2satoshi
We can use sell2, hell or bear signal for sell decision. We must also sell if the chart goes 1D open & close below the support line.