LRC would have had a nice little run yesterday if it wasn't for BTC leaving the party. Even so, definitely some great signals for LoopRing. Still bullish in the fact that LRC has had a resistance/support flip right around the ~T1.15 mark (blue dashed line) Triangle now forming within what was once, a nice positive trend for ol' LoopRing, and is now a super mopey...
🌀 LoopRing cup and handle is forming! ☕️ I wouldn't be snoozin' in the next several hours here 💤 because we could see a big ol' jump . LRC seems to always move in these very violent strikes, hitting the pivot several times (forming a cup and handle). Other tokens featured in this video are: Algorand (ALGO Zilliqa (ZIL) Jasmy (JASMY) 🤫🐿♠️
Little bit of an accountability video from me. I believe I posted here yesterday, my elliot wave prediction for LRC. I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot. I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending...
LRC has had an incredible run since the gamestop announcement! However whith any run that banks ~50% in less than 6 hours... you're gonna get a correction. We're within a downward elliot wave cycle with E/1 landing at just about a dollar, once LRC tanks and goes below 0.99 or so We will than see a rise back up but will, in my opnion, stay within the downward...
LRC has gone through its stages of a downward elliot wave cycle (A, B, C, D, E....) and up.
LRC is at the bottom of it's downward Elliot wave cycle. A, B, C, D, ...E