LRC
LRC - Update- We Aren't Done Yet!Continuing my theme recently, if you followed my last LRC trade it was good for.... 244%...
Yeah - I don't know how that happened either.
Anyway, looking at the chart, we saw almost a 30% retrace in value since hitting ATH at .6 area, nicely bring us out of oversold.
Uptrend appears to still be in tact on MACD, interestingly the weekly has a ways to go still on RSI, see below
Think we're good for at least another 120% here.. Likely higher as this has seriously legs behind it seemingly.
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.
LRC - Potential for a breakout? Charts starting to shape up!LRC is seeing some good signs shape up on the chart.
Pretty clear bullish bat just ended, already yielding +40% and giving us a clear parallel wedge.
Volume seems to be breaking out, we'll have to see if it can sustain this.
MACD is showing first signs of reversal.
Potential room for growth on RSI, though with the distance from the top resistance on the wedge being so large it's likely we'll see a reversal before the action completes.
Pretty strong indicators for a breakout in the works. I'd aim to buy a retrace or a retest.
This is not financial advice. Want financial advice? 2 words: Pet Insurance 🐕
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.
LRCUSDT - Potential buy entry 🔼LRCUSDT has been consolidating in a symmetrical triangle pattern.
Potential breakout.
Buy entry ⬆️ - breakout above the symmetrical triangle resistance.
Target 🎯 - resistance levels, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending channel support.
LRC: Looking Prime and Ready for Some Bullishness My Fellow Crypto Comrades,
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Cheers & Happy Trading!
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ANALYSIS:
LRC Looks to be forming a head and shoulders in which a possible long sent up can be initiated at the end of the formation. RSI is signaling that LRC is overbought, thus we are currently seeing a correction. If LRC falls through the upward diagonal trend, and the $0.15 support/resistance level, BTFD! Moreover, the 9EMA flashing to the downside is further confirmation we should be expecting a correction to previous support levels. I'm not a financial advisor but if BTC chills out from price pumping, and trades sideways, this long set up can lead into the next bullish Alt cycle with some nice gains.
LRC ready to breakout?Hey there! here is another simple chart I have thrown together, looks like LRC is ready to breakout from the descending trendline, if it can break through the descending trendline and pop above the purple resistance line and hold .16 we should see a nice little run from it.
In addition to this LRC claims 3.6 will be released by end of November so we should get a pop soon either way, cheers!
LRCUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH .
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 4 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.26) for 1D to buy,
3- You can buy if the candles open-close above the up-trend line
4- You can buy when candles touching the support line (0.12)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.