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Lrcusd

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.
BINANCE:LRCUSDLong
by Heatrading
LRCUSDT long* I was toying with this chart and teaching my 9yo daughter the relationship between chart patterns and market psychology yesterday. Unfortunately, I did not publish my idea prior to the pump. Well... * This pump may be the result of Loopring releasing news relating to Layer-2 NFTs. More news to be released soon. * Anyway, LRCUSDT has broken out of the ascending parallel channel, forming both a potential inverse H&S and a cup and handle. Confluence and the levels align very nicely with the fib levels. * Those who bought in near the bottom of the ascending parallel channel can take profits now. * Or do so upon completion of the confluent inverse H&S and cup and handle. * I personally favour the latter approach. * Of course, nuch depends on DXY (see linked idea).
Long
by AlphaBravoCharlie77
2
Loopring, The Time Has ComeThis one's set for an explosive move of unparalleled proportion. As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis. I've been stacking LRC for quite a while now. This is the one of the few remaining layer twos that hasn't seen its day yet. Largely in part because of its novel complexity(ZK-rollups) and the recent market correction, it has been difficult for the average joe to wrap their head around its utility. That's all set to change very soon. This is one of the most bleeding edge-crypto tech of its kind. We've seen Vitalik acknowledge this on several occasions. “In the medium to long term ZK rollups will win out in all use cases as ZK-SNARK technology improves” — Vitalik Buterin (creator of Ethereum ) vitalik.ca This is one of the the most stacked teams in all of the crypto ecosystem with some serious pedigree. Pioneering the next generation of L2. The product is about to reflect that real soon, making it one of the most popular decentralized exchanges of its kind. Comparable to its centralized counterparts like Coinbase, Binance, etc. medium.com medium.com miro.medium.com OBV - We're seeing buying pressure remain consistent in its trajectory. Seeing a consistent multi-month climb of OBV, regardless of the recent market volatility , it has maintained its structure. Overall it's looking good. RSI - Originally bordering on oversold and lying dormant, RSI's cooled down since the recent market correction and breaking out of a wedge formation. Ready to accommodate an explosive climb. MACD - Looks like it has been weighed down long enough by BTCs gravitational pull. Recently, flipping bullish after nearly a month. STOCH - On the BTC Pairing: We've been able to flip the stochastic from a recent downtrend, altering its trajectory back into a climb.
COINBASE:LRCUSDLong
by Trinium-Labs
1