Get started

Lrcusd

Some Loopring Hopium: $11-$15 peak of this cycleIn the past year, LRC has gone through 2 peaks and dips. - Fib retracement puts top between 1.6 and 2 on the next peak - Each dip crashes pretty extensively - If pattern continues, next peak could be between $11 and $15 then crashing hard. Caveats - Different market conditions (very volatile, crypto is suffering a major correction) - Price is hard to push up in higher Market caps (could only top at around $10). - No GME, doubtful it has any momentum to reach there
BINANCE:LRCUSDLong
by euphoricSeahor60640
1
3 LRCUSD Trade Strategies• When LRCUSD is in an uptrend and closes below the 8W SMA, it has at least tested the 21W EMA. • It’s now testing the 21W EMA, which also happens to be around the price where many bought in end-Oct’21 / early-Nov’21. • Fundamentally, the mood within the reddit groups have turned from jubilant to rather downbeat, and has the potential to further worsen if LRCUSD does not pump. The weekly RSI has also more room to drop. • However, though the recent BTCUSD and LRCUSD dumps are expected (BTCUSD retests at least the 20W SMA when it closes below the 8W SMA), the LRCUSD dump took longer than expected and is less severe than originally expected. There might be still some gas left in LRCUSD. • BTCUSD may have bottomed, or it may not. If BTCUSD dumps further, then let’s KIV any thoughts of LRCUSD till BTCUSD gets back above its bull market support band. • Strategy 1, If BTCUSD remains above $38K, then watch if LRCUSD closes above its 21W EMA (currently at $1.52) this week. If so, then DCA in. • Strategy 2, given that LRCUSD may dump further, DCA in at around $0.60. • Strategy 3, buy LRCUSD when it gets back above the 8W SMA and retests it. • Strategies 1-3 are arranged in descending order of risk. LRCUSD is an inherently risky investment, and as a long-term trader with mid-high risk appetite, I’d personally go for Strategy 3 if it happens before what is described in Strategy 2. • I still suspect LRCUSD will not see a new ATH this bullrun. So unless there is anything which changes my mind, if I were to adopt Strategy 2/3, I will sell within 85% of the previous ATH.
BINANCE:LRCUSD
by AlphaBravoCharlie77
UPDATE: LRC profit 53% after SHORT signal - more to come?Please Like or Follow if you enjoyed this content. UPDATE: The price dropped 53% after Short signal. Currently sitting on support 1.20 USDT. If support doesn't hold, 0.90 USDT is next support. Price is below Ichimoku cloud and RSI is still bearish. Another drop is definitely possible. But right now support is holding. This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently LRC is still in a downtrend. Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Short
by Kch28