Potential bullish pennant forming on LRCCould anyone please confirm if this is a bullish pennant? I'm very new to TA, and would love some input. Thank you.
LRC
LRC Looks prime to test previous ATH ($2.51)Good afternoon traders!
Just a little bit of fibonacci levels here, LRC is currently presenting a potential bull flag following the breakout of the falling wedge. Stop loss is set just a few percent below the 0 level, with my average entry at 1.073.
A solid entry point seems to be a close on the 15m above this current fib level, with adequate volume and momentum. Looking to see Loopring push up to it's previous ATH being $2.51 with the GameStop NFT marketplace news expected to drop shortly. I currently don't have any targets if/when we break ATH, I want to see how it plays out.
Good luck traders!
SHORT or LONG LRC by these linesI know 2 direction ideas don't get likes or views ,but u can fallow them and mould trade according to path
if it helped you anyway , please share : ) NFA
Loopring currently teasing massive inv head & shoulder breakoutThe breakout is by no means confirmed yet. However once it is it can climb all the way to $1.93-2.00! This is what the pattern looks like on a weekly chart, and I wouldn’t be surprised i it was more o a 2 week chart pattern. I so this may take multiple weekly candle closes above the neckline before it triggers the breakout. I think loopring’s all time high was somewhere around $2.50 or so so it is definitely possible for it to reach these levels again and also very possible to hit a new all time high some time in the not so distant future. Keep an eye on this one.
$LRCTriangle breakout TP is around $1.3 but I think it will pump to 1.65 at least and in the best scenario breakout ATH at $2.5+
❌LRC SHORT We point out the spot to buy. Now is time to sell. LRCUSD SHORT after 70% up in the last 24h
LRCUSD SHORTWe point out the spot to buy. Now is time to sell. LRCUSD SHORT after 70% up in the last 24h
LRC Range breakout ? LRC has been in range for pretty much the whole year between 1$ area and 20ct.
Today it seems that prices are going for a break of this range, the MACD in Daily and Weekly are supporting for this plans.
I would wait here to confirm the breakout with closure of daily candle and then wait for a consolidation with prices finding support of the 1$ area.
To me, in my opinion it is too late for buying here as entries were well bellow current prices. But the setup looks good and have some great potential with 1st higher target at 2$. Aggressive traders could take a long here to play the momentum.
If not already in the market we'll need some patience before going long, for the ones already in, enjoy the ride and don't sell for now if you have mid to long term plans.
Ode to the LRCIt's not quite 1993 yet and this dog looks hungry.
Possible breakout occuring and we could see a good upside in trade of a widening formation with a cup and handle.
LCR USDT 1D - Binance FuturesPossible formation of a Cup & Handle pattern. Right now the price seems to be testing and preparing for a break out. I'll wait for the re-test to LONG. Taking profits on Fib Level 161.8%
BULLISH LRCLRC: On the big picture, we look like we are beginning our breakout to 1-1.30. On the the smaller time frame, we are still breaking out to .75
LRC LONG OR SHORT??LRC at crossroads currently . Watch for a break of currentline for a short position.
However could find horizontal support at 0.52.
That said I expect a punt toward new local highs of 0.65+ before opting for a short.
Hope this helps you out.
LRC to $1#LRCUSDT
$LRC broke out from a short term descending resistance line and hold above a daily support zone. if price close a weekly candle above the last descending resistance, $0.74, $0.9 and maybe $1 can be take profit targets.
LRCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
Currently, the price is fluctuating inside an ascending triangle and has broken the resistance ahead, and is fluctuating above the line.
If it can be fixed above the line, it can touch our target over time.
But if it can not move up and penetrate below our resistance line, we consider a fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
LRC moving soon?LRC looks like it's ready to move up, VOL decreased, RSI SRSI, and MACD all look bullish in 4hr chart. LRC wants to break this descending trendline that is much better defined on the 1hr chart. I would wait for the price to break the previous support level before entry... Set alarms. Good luck traders
LRC LOOKS AUSPICIOUS LRC has managed to break above the descending trend line that is designated in black. POC aligns perfectly with the resistance zone, and I expect a retest of the trendline to confirm an upward movement. Volume has declined in a significant way. In order for LRC to scale higher, more liquidity must flow in. Resistance levels are designated in red and support levels in green.
Loopring (LRC) is preparing to pumpLRCBTC chart has broken its long term trend line and it seems that it is retesting the broken trend line. It retesting done successfully, the chart may pump to higher targets.
$LRC 👀, On a 40% daily candle, showing really strong volume...$LRC 👀
On a 40% daily candle, showing really strong volume...
Will like to see how it goes toward the daily close (still 40% to 2021 highs)
A RETEST OF THE ORANGE AREA IS A BUY FOR MELRC looking really good, back inside the main range after deviating to 0.2$ area, clear sign of strength and an area that needs to hold.
A close above this grey area, and ATH will be next imo.
For position taking, I will be waiting for any retest of the lower range (orange box), thats a clear buy zone for me, and an area that needs to hold as support. Closing back below would be pretty bad.
Good luck!
LRC below a strong resistance zone#LRCUSDT
$LRC is below a strong resistance zone, but above a broken ascending resistance that confirmed it as support.
If you still hold it take some profit and keep eye on it , if break out the orange descending support line buy more.
and if break down the ascending support line take all profit.
LRC - blast off incoming. New ATH.3 words.
Cup and handle.
Clear monthly closes with higher lows.
Once the resistance is completely broken at the .55 zone, following are the targets:
Targets:
1.40 zone
Retest .90 zone
Final monthly wick 3.50+ zone
Plain and simple.
Who's holding this baby?
This is not investment or trading advice. You must be knowledgeable and conscious of your own decisions and actions.
