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Lrcidea

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.
Short
by CryptoBrainn
2
SPOTTED! $LRC Whale Is On The Silent Accumulation!Long term investment and playing trend is no doubt on LRC chart. It looks juicy how whale is actually accumulating without people's knowing that. Well, what if people know that you just ain't get the information. Hmmm interesting. Loopring is ranked #70 on coinmarketcap.com with 1.375 billion of total supply and 789 millions are on the circulating. Loopring is DEX that have quite nice interface and friendly use. But the think that i need to highlight is the color gain and correction. Both are green at the moment lol So be careful.. DEX is not really relevant but DEX need to be prepared for future users gains and protect users from centralized exchange. I think even tho i'm not really interested using DEX recently, but they need to be supported, it's a long game. Judging the fact that this chart is quite tempting for mid term game. I don't need to speak a lot. But beware of the RSI. Even the price action is so flat i don't why RSI is quite high. It means that even the pump might occur soon but it'll limited due to this factor. Well, let's see. The most closer resistance for mid term game is 2794 sats. Will post the close look on the update for short term game. ************************************************************************* If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
Long
by blockchaindedi