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Loopring

LRC: Pullback in UptrendLoopring (LRC) technical analysis: Trade setup: Following a bullish breakout from Falling Wedge pattern, price reached our target $0.50 where it got rejected. Pullback near $0.30 support and 200-day moving average could be a swing entry. Momentum is inflecting bullish again (MACD Histogram rising). Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance: Nearest Support Zone is $0.30, then $0.20. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
If loopring validates breakout from its weekly wedge trgt= .55 Here on the weekly we can see price action has overcome the weekly 200ma(in blue) and is about to test the resistance of the weekly 50ma (in orange) it will need to overcome the 50ma to reach the full breakout target, so I’ll be keeping a close eye on how it interacts with the moving average. Most importantly is that it closes the weekly above the wedge as well as the follow up weekly candle. *not financial advice*
COINBASE:LRCUSD
by DrDovetail
2
LRC: Approaching ResistanceLoopring (LRC) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern, was confirmed with a break above $0.30 key level to indicate bullish trend reversal. Price broke above $0.40 resistance to resume uptrend and reached our target $0.50. Now we wait for price to either 1) break above $0.50 to resume uptrend, or 2) pull back near $0.40 support for a swing entry in uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.40 (previous resistance), then $0.30. The nearest Resistance Zone is $0.50.
Long
by altFINS
1
LRCUSD Bull Flag with 1day Golden Cross emergingLoopring's January rally that broke above Resistance A (0.4250) is on a Bull Flag pattern with a few days away from forming a 1Day Golden Cross. The strong rebound on the RSI shows that this pull-back may be coming to an end, especially if it (the RSI) crosses over its MA again. The 1Week MA50 stopped the rally on Feb 2nd and caused the Flag pattern so logically we need to have it broken to buy. If it doesn, Target A = 0.52500 (Resistance B) and Target B = 0.66500 (Resistance C). In the same sense, below Support A, we turn to selling with 5.7000 our Target. Follow us, like the idea and leave a comment below!!
BINANCE:LRCUSDLong
by TheCryptagon
Loopring LRC/USDTesting/Tracking Elliot waves. Please do not trade off idea without stop loss. This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest. If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you. On this chart it shows us that we've already gone through a -95% drop. This is normal in the crypto world. Most altcoins will go through a period where they drop -90-98%. With that being said -95% is already high up there so there's a possibility we may go a bit lower down, but that's a very small amount compared to the possible upside. If you hoover over to the today's price R/R you can see that from here you have a R/R ratio of 31.6 with the stop loss being underneath the Z wave drop. The Z wave drop is around a -97% drop from ATH. R/R ratio from today's price: 31.6 Possible upside: 1915% Possible downside: -60% R/R ratio from Z wave: 656 Possible upside: 4975% Possible downside: none. Personally I will not use a stop loss at all on either one. I would dollar cost average into both and if there's a slightest possibility for another drop from Z wave then I would buy more too. Do not go all in, especially if you're using leverage, a -60% drop is still big. Better to play it safe than sorry. If you go all in and you can't buy more when Z wave hits, you're out of luck. From the Z wave I would consider adding a lot more (if we ever get it). This is not financial advice. Chart timeframe is on the weekly. Expected timeline for this to play out is roughly within 2 years for the wave 3 top.
by AyoKu
4
✴️ Loopring | Many Reversal SignalsThere are many signals supporting a reversal/change of trend on the Loopring chart. LRCUSDT. Let's spend a few minutes of our time looking at some of those. #1 - LRCUSDT has gone to new lows and then dove a bit lower, this is good for bottom fishers. #2 - A very strong shakeout can be seen on the chart. Shakeouts can be indicative of upcoming change. #3 - The August downtrend has been broken. #4 - The Cup pattern we see very often, always at support and many times signals a low being set. #5 - The increase in trading volume happened in November, recently buy volume is predominant on this chart. #6 - The RSI is super strong at low levels, signaling that the trend can change soon. #7 - Loopring is trading above EMA50 and EMA100, not possible to be bearish above these levels. A change of trend is a major development. A change of trend can lead to years of growth. In the worst case scenario, these signals can lead to multiple months of a bullish wave/relief rally... Good in any case. Namaste.
Long
by AlanSantana
2
Loopring vs Bitcoin 114% Potential Mapped | Great RRRLoopring has been in an uptrend for almost 3 years vs Bitcoin. As I mentioned in the Decred vs Bitcoin (DCRBTC) article, higher lows lead to higher highs... Now, for LRCBTC the low was hit around January 2020. And we have a very strong uptrend/bull market, higher highs and higher lows ever since. We are looking at the action that has taken place recently since the May 2022 low. After this low and the current the day, the indicators and signals are flashing green. With a bullish break above EMA50 30-Nov., LRCBTC price can now continue to increase. We also have 3 consecutive green candles, another bullish pattern, with a strong RSI... These signals are enough for me. As usual, we look for pairs BEFORE they start to grow strong. In this way we can extract trades that are low risk with a high potential for reward. In this case we would use a tight stop-loss of less than 10%. While the pontetial targets go beyond 111%. Think about it... This is a great Risk Reward Ratio. Trading is a numbers game. Namaste.
LLong
by AlanSantana
LRCUSDT - Ready for ALT SEASON ? 🚀Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 I've been making updates on altcoins that have massive upside potential and good risk to reward rations. These ideas are all spot focused accumulation phase positions, by using the dollar cost average method. LRCUSDT / Loopring is another altcoin that previously went up 2000% the last time we reached this level ! We're still due for the final bottom, but the time to accumulate is NOW. The idea above is for medium term to longer term. This is my take for the NEAR term: Interested in XRPUSDT ? Take a look at this setup 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
30
LRCUSDT Loopring - CRAZY?? +1000% Potential*Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 Another altcoin that I am bullish on for the near future, is Loopring LRCUSDT. This microcap is trading at 1000% under it's ATH, and considering the fact that we are evidently trading in the accumulation phase, between now and perhaps a little lower would make for some great distributed entry points. Want to know a little more on how to do distributed entry's / dollar-cost-average? See HERE: *Before you leave a comment, please make sure to watch the video all the way to the end, as there are some "t's and c's" mentioned about the upside potential. I hope you enjoyed this post today! Please give us a thumbs up 👌 _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
41