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Lrcusdt

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
LRCUSDT 1H. Time To Sell ⏱️ Loopring, LRC has been on a massive up-move for days. It did over 300% . But all good stuffs must come to an end. It peaked out on the 4H chart at near $3.90 . Where I took my profit, because I saw the perfect indicator. After this I tweeted how it needs to cool off yesterday. This is 1H chart, Double-Top formed already. Failed to make Higher-High after previous bounce at 0.5 Fibonacci. MA 10 is already broken twice on 1H. RSI bearish divergence in progress These are the signs, time to cool off for LRC . Time to take profit if you haven't already Various support shown on the chart , support previously tested and the one yet to be tested. Follow @CryptonKidd for daily analysis PS : Tell me any Token you want me to do analysis on. I'd consider it.
Short
by CryptonKidd
3
LRCUSD After Action Review – 31.5X in 4 trades• That was a nice and enlightening series of trades on LRCUSD. Let’s do an AAR for self-improvement purposes. ** marks areas for improvement. • Some background first. I’m an amateur long-term trader who utilises both FA and TA. FA to identify investment opportunities. TA to add precision to when/where/how to make trade decisions. • My overall trading strategy is heavily influenced by the RPG Darkest Dungeon (en.wikipedia.org). Trading is stressful, more so when you are “in the dungeon”. Stress reduces one’s trading efficacy, so I try my best to minimise stress by doing due research before taking action, and by minimising the number of trades I take. I don’t leverage trades. • I’m a technologist in my day job, and FA is a large part of what I do. In essence, FA is simply the identification of problem statements, use cases and the estimation of commercial potential. • For TA, I avoid fancy stuff and rely on simple patterns to identify trends, E-Waves and Fib levels for potential levels, and RSI for momentum and tops. • Fundamentally, LRC tries to address the iron triangle of crypto. Very similar to other industries (eg quality, cost and accessibility in healthcare), in crypto, there is 3 traits that are valued—decentralisation, security and speed—but it is only reasonable for any blockchain to be good at at most 2. This is the problem statement. ETH focuses on decentralisation and security, and needs to outsource speed to layer 2 blockchains. LRC’s use case is to serve as ETH’s L2. However, even though L2 is required, L2 does not need to be tokenised. The only reason why L2 is tokenised as LRC is profit-making, and we should view her accordingly with clear eyes. It is eventual that LRC is acquired by ETH, or ETH may even build its own parallel L2 and eventually phase out LRC. Any partnership with GME is done more out of desperation and diversification than anything. Let’s be brutally honest with ourselves and not be blinded by ideology.
BINANCE:LRCUSD
by AlphaBravoCharlie77
4
Loopring(LRC) Triangle Pattern Ready for Breakout Hello. Loopring(LRC) which has been consolidating over the past few days in a symmetrical triangle pattern. But the time is coming for LRC to finally move again. In my technical analysis LRC may go upwards. Prior to the triangle pattern, LRC skyrocketed from a mere .40 to a high of 1.71. After the skyrocket LRC remained silent for a while with low volume. This means an incoming move is happening soon. There is also a mini consolidation, marked with a purple dashed trendline. Price already broke out of it, which is bullish. The RSI also formed its own pattern, with an early upside breakout compared to the price which may mean that price is breaking out to the upside soon. The 9 and 20 EMAs should hold if the bullish breakout is to be strong. Right now, they act as a support. In my opinion, I would consider the breakout to be taking place if the 0.5 Fib is broken. After that we might see a rally to the 1.618 Fib. What do you think about Loopring(LRC)? Tell me in the comments! Thank you for reading! Constructive feedback is appreciated!
by Trader_ph
2
LRCUSD is rubbing her eyes - Update on LRCUSD• LRCUSD’s recent price action has been enlightening. This is just an update. • Some background and FA first. As BTCUSD crossed her 1.618 Fib of the crypto winter before this bull run, besides DCAing BTC, I started hunting for altcoins to fill my bag in preparation for the eventual ETH pump towards the end of this bullrun. ETH is a much safer investment than altcoins, and the potential ROI makes much more sense than BTC, so my overall strategy is to buy alts related to ETH during the dip, and then swing to ETH when the latter breaks key resistance levels towards the end of this bullrun. ETH is an excellent technology, but current gas prices are exorbitant. LRC’s zkRollup Layer2 helps solve this issue and path the way for ETH’s eventual pump. It was a no brainer to fill my bag with LRC in Jul’21. • Anyway, back to TA, a brief summary. • LRCUSD reached her peak during the previous bullrun at the 5.764 Fib level measured from top to bottom of her mid-cycle consolidation phase. • *Assuming* LRCUSD will not dump to 0.17ish levels again, the 5.764 Fib level measured from the LRCUSD’s 1st peak to the bottom of her mid-cycle consolidation phase will bring us to approximately $4.5. • LRCUSD has been in a parallel channel since Mar’20. *Assuming* LRCUSD reaches $4.5 and *assuming* this will be reached at the topline of this parallel channel, $4.5 will be reached around 14 Jan’22. This aligns with my gut sense that this bullrun will end by Mar’22 and the observation that LRCUSD leads the market, peaking before BTCUSD and ETHUSD (the latter reason is yet another good reason to invest in LRC and then swinging to ETH). • LRCUSD’s recent price action has been interesting. She does not acquiesce herself to momentum indicators that well (or maybe I’m just bad at short-term trading), but she has obeyed Fib levels quite well. *Assuming* LRCUSD does not dump below the 1.618 Fib level of $1.05, and *assuming* we have just witness Wave 4, the 5.764 Fib level from top to bottom of Wave 4 will bring us to $4.9, a level very near the previous $4.5. *Assuming* LRCUSD reaches $4.9 at the topline of the parallel channel will bring us to LRCUSD reaching this level at around 6 Feb’22, which is reasonable given our assumptions regarding LRCUSD leading and this bullrun ending by Mar’22. • Watch RSI levels too. It is not surprising that LRCUSD is consolidating after hitting a daily RSI of 90%, as she has done so throughout her history. However, LRCUSD’s price action has always been extremely violent, and it is too risky to engage in short-term trades (or at least if you are as bad as short-term trades as me). Trade macro, and hodl till LRCUSD reaches she reaches weekly RSI of 90%, where LRCUSD historically peaks during her bullrun. • In summary, **the range of $4.5 by 14 Jan’22 to $4.9 by 6 Feb’22 gives us something to shoot for, **watch the weekly RSI level of 90% to swing to ETH, and **this thesis is needs updating if LRCUSD breaks below $1.05, or **LRCUSD breaks the trendline linking her peaks on 12 Feb'21, 12 May'21 and 29 Aug'21, or **LRCUSD breaks below $1.05, or **LRCUSD breaks below the parallel channel.
BINANCE:LRCUSDLong
by AlphaBravoCharlie77
2
Time for sleeping LRCUSD to wake up• Just a chart to show the similarities between this and the previous bullrun for LRCUSD. • LRCUSD has been in a parallel channel on the weekly since Mar’20. • LRCUSD reached the top of this channel in Feb’21, and its bottom in Jul’21. • Using the same fib levels, and similarly applying from peak of bullrun phase 1 to bottom of mid-cycle consolidation phase, the same fib levels hit the top of the channel at approximately the same time (alts-ETH) are projected to peak. • Hodl till $4.34 for up to a 12X potential. • Watch weekly RSI; volume should pump when weekly RSI hits ~70.
BINANCE:LRCUSD
by AlphaBravoCharlie77
2
LRC Range breakout ? LRC has been in range for pretty much the whole year between 1$ 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