LRC - The ONLY strong buy for the last week straight.I have been a cheerleader for Loopring since it entered the scene. It is comprised of a diligent team that slaves away on the product rather than getting caught up in publicity stunts. This has afforded organic growth and an added resilience to general downtrends.
As Loopring aims to provide a decentralized protocol, it will bring value to not only almost all traded coins/tokens but exchanges as well.
Loopring is infamous in my books for slow progressive gains that compound behind the scenes while other projects fight for center stage. While main crypto twitter fails to acknowledge Loopring's existence during bull runs, it continues to pay off. BINANCE:LRCBTC BINANCE:LRCBTC
LRCBTC trade ideas
Lookingnfor SOLID and EXCITING "NEW" Cryptoject?? Check it...LRC You can easily google the project, so I will not refer to it other than there are in need these types of blockchain and coin companies to continue setting the foundation here. Letting the "fresh market" bring in global concepts from billions of human beings, into a "local" positioning. A Global Financial Market of coins, tokens, and contracts while stock's liquidity structure along with it's whole concept will be perceived quite differently with business' utilizing the new market for the many aspects that it is able to, both, form to, and form anew.
HAHAHAHAHA So now that you have read my shin dig be sure to check me out in all, many, social media platforms as DoYouMineCrypto and that is also a Gmail contact
LRC has some seriously good guys behind this 'needed' cryptaspect.
And the chart is pretty sweet too.
NEW COIN for those whom aren't aware of it at least :)
LRC on the Short TermYou can see that LRC took a dramatic drop from our most recent peak. It went into a down trend that almost looks like it's going straight down. That channel was broken and we are slowly creeping up after retracing to the 1.618 fibonacci level. Like I say in most of my posts target the 55 ema. Will need to see more volume then we currently have if we expect to reach that level. Will also keep a close eye on the macd as it approaches the zero level. Crossing the zero line is interpreted as a buy signal while crossing from the down side. Vice versa for a sell signal. If the macd is rejected by the zero line that would be a sell signal.
LRC potential launch ideaWe saw a strong decline of LRC (Loopring) during previous months, however it seems to have found support and broke out of the first trend line (the dashed one). If it continues up, breaking the solid trend line we could see some price action.
The team will release the open source mining software the 28th of February, which could bring positive sentiment.
Next to that we see a bullish crossover on the MACD trend, hopefully curves up to the positive area. Also volume is pouring in. I'm bullish on it!
Happy trading and enter with caution :)