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Lrcusdt

LRCUSD Update - Time to say goodbye• I know that there are people from the Loopring Reddit who are reading my analyses, and this analysis is dedicated to them. • With more data points, the descending parallel channel can now be better drawn. LRCUSD has not left the channel yet. • Note that channel lines have measuring implications. Once a breakout occurs from an existing price channel, prices usually travel a distance equal to the width of the channel. • *If* this is indeed an ABC correction, and the sub-waves add strength to this hypothesis, then breaking down below the parallel channel to the vicinity of $1.2 (depending on where the parallel channel is broken). This seems positioned to lead LRCUSD to a devastating H&S pattern. • *However*, if this is not an ABC correction, and LRCUSD does indeed break out above the parallel channel, then even if she were to break out now, she will not re-establish a price above the previous ATH from this breakout alone. • Even if LRCUSD breaks out to the upside, if she does not pump beyond her previous ATH and enter price discovery quickly, momentum will be lost and hopium will fade. • If LRCUSD breaks out to the downside, then the dump will be ugly indeed. • For long-term trading, LRCUSD no longer possesses even reasonable profit potential. • For short-term traders, you may wish to short LRCUSD.
COINBASE:LRCUSDShort
by AlphaBravoCharlie77
54
LRC/USDT 4 HOUR UPDATE Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . LRC/USDT is making bullish flag pattern . Entry: CMP Targets: 50% to 70% Stop Loss: $2.37 What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
Long
by CRYPTOMOJO_TA
2