LRC - Falling WedgeFinding Resistance at the Fib Ruler .5, Scouting a reversal via the falling wedge over the next week.
LRC
LRCUSD Refusing to go below 3$ -> but willing to go above 4$After a correction of mearly .382 from the first 5 waves, LRC is refusing to break the support of 3$.
Both the MACD histogram and Stochastics point to a rally upward.
Expect a short-term rally for 3.5/3.6$, and see what happens when it hit's the resistance.
LRC USD is breaking out of a bullish pennant COINBASE:LRCUSD
After a huge run-up and consolidation the price was winding up in a bullish pennant and now could be breaking out higher.
Looking for at least $5 if price can stay about $2.80 support.
Be careful lrc may retouch 1.5 levelAfter up we may see some high sell of lrc was one of the best gems some days earlier but it's over anymore lrc is a great project and has great fundamentals but after reaching to new ath it must retest 1.5 area so be careful and manage your stop losses.
Happy trading.
LRC USDT Note: First of all, candle closings in the upper box invalidate everything I wrote below and show that this analysis is wrong. If this box is not entered or this box is not passed, my thoughts below are valid.
Analysis;
Fibonacci measurement at 4H may suggest that this is an elliot wave. But I don't think it's the elliot wave.
1st wavelength is too long
2. sellers consolidated too much
3 indicator values seem too high to me.
Fan intersections marked as circles on the graph should work as supports.
Check the rsi when the price comes to each circle area. If the rsi in 4H still has not fallen below 35 or if the rsi has not fallen below 60 in the daily time frame, it is possible that the decline will continue.
A good trade is the one in the last circle.
Note: This is not Investment advice.
LRC Pump and DumpMy experience says that this looks like a pump and dump. I personally just sold another part of my LRC. Hope to buy it back between 0.5 USD and 1 USD. It is on All Time High related with ETH, much higher ATH vs BTC. I point out the sport to buy at 28 cents. We are now more than 10x profit (time to sell not to buy). I don't care if it goes much higher than this. There are other cheaper projects right now.
LRC is forming CUP & Handle Go 4.5LRC chart is so clear , i think it is going to form cup & handle patern. The price could move to 4.5 i think or above.
Please make your own choice...
It is idea ... what do you think please comment below
LRC - On the move in the upper fork channelNice pattern fits right in that zone. Looking good for more gains tomorrow
LRC over bought, triple top in short timeframeLRC pumped from 1$ to 3.85$ in 4-5 days. but its time for check support before new ATH's
note that LRC got so much USD volume flow which is great until music stopped.
If history repeats.If history repeats itself , then consolidation and retrace to support levels might start now.
One of Warren Buffett's most famous investment sayings is “Be fearful when others are greedy. Be greedy when others are fearful.”
LRC key levels to keep an eye on on shorter time frameLRC has made massive move in past few days so levels we are looking for correction are mentioned in the chart. If it holds on these levels it may make more up moves from these key levels. these levels are to be looked for shorter time frame
key levels are:
3.05
2.54
2.10
1.70
LRC - beara havenStoopid moonbois. Sell this shiet back to -$1
Not personally shorting, but if I were long, I’d sell!
Loopring want to combine centralize and decentralize exchangesCentralized exchanges are currently the main mode of operation for crypto trading services. While highly popular and convenient, using a centralized exchange carries a number of risks, the chief of which is their custodial nature. Because these exchanges hold users’ funds for them between the points of depositing and withdrawing, those funds come under the risk of being partially or fully lost due to potential hacker attacks, malicious actors inside the exchange or regulatory intervention.
Loopring is operable on Ethereum and Neo blockchains with plans to add support for the Qtum blockchain. Each of these networks has its own token: LRC and LRN for Ethereum and Neo respectively; when launched, the Qtum network token will be called LRQ.
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Loopring Price (LRC)
$0.5718
8.62%
0.000009807 BTC0.33%
0.0002022 ETH5.06%
LRCUSD completed a clean 5 wave pattern. Expect Correction to GZLRCUSD completed a clean 5 wave pattern. Expecting a Correction to Golden Zone
LRC GainsHow far can it go ?
Looking at a couple fib indicators it's following some nice momentum and flowing in a couple support regions.
LRCUSD Ready for next Breakout early Nov 10thLRCUSD originally spiked to $2.50. Then posted a strong bullish pennant where it consolidated and volume diminished. This lead to a very strong surge up parallel channels all the way to test $3.00 resistance. It has currently tested $3.00 resistance several times and appears to be consolidating down a similar pennant pattern.
Prediction: Price breakout to re-test and surpass $3.00 by early AM Nov. 10th.
To recap: LRC is a 2nd layer Etherium rollup coin used to speed up transactions off the blockchain. The hype surrounding this coin is that it will be used in a future NFT marketplace by Gamestop of all companies. Buy the rumor, sell the news. IMO now is potentially a good time to get in before bigger news hits and this heads towards a $5.00 in the next year.
Small H&S for LRC/USD - Some ScenariosOverall I am long on LRC, but am looking to add to the stack with some downwards action. Its small, but there appears to be a H&S that could take us to 2.50 or as low as 2.22.
EDIT: I should add, the H&S is drawn fairly steep and I expect it to move anywhere between my drawn downtrend and the downward trendline. I will cut my losses and buy back in upon a convincing break of this line, otherwise will be waiting for 2.30ish
LRC Breaks $2.50 resistance. No sign of slowingLRCUSD broke out from a bullish pennant early this morning and passed the $2.50 resistance straight to $2.60. 15-min Heikin Aishi candles looking strong.
LRCUSD Bull Pennant - Breakout to $2.38 0 $2.50 SoonLoopring (LRCUSD) finishing a consolidation period. Clear bull pennant signaling breakout. Could push past 2.25 to 2.38 and possibly 2.50 very soon.
LRCUSD Retracement to $2.25 and beyond near?After peaking to $2.50, LRC has been dancing between $2.00 and $2.20. EMA indicators still look good, retracement to $2.50 and beyond near?
ONE READY TO MAKE A MOVEONE has been extremely bullish lately, pushing higher highs every few days. We have a triangular flag that is testing a breakout currently. Take profit @ 1.618 fib
