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LRCUSD trade ideas

still bullish on loopringIm thinking the weekly is a nice timeframe to understand. We are bouncing/recovering nicely off each MA, rsi is at the point of pivot. with how early we are in the game (<2.5k active L2 wallets) this is extremely undervalued! mild accumulation funnel possibly forming...( this pattern financialoccultist.com). with insurance DAO and governance coming demand will soon rise. rn there is onlt LP rewards so not many are buying this but in the coming times folks will fomo into this hard as L2 hype takes over. soilid play imo
LLong
by dead4586
Confidence in Loopring. Part 2Hear, I have overlaid the (logarithmic) bar pattern of LRC prior to its massive run in 2017. The log pattern preserves percentage gain relative to price. - No pattern can play out perfectly but we can see some similarities. - Currently, LRC is trading horizontally for a longer time than it did in 2017. This is by no means a bad thing, I think its even better in the long run because it allows Loopring to build a better foundation for future momentum. - Next post I will be giving a price prediction and we'll see what is possible for this token. Below I have linked part 1.
BINANCE:LRCUSDLong
by mascher7675
Confidence in Loopring. Part 3 Here, I've taken the percentage gain from the first large green candle in the 2017 cycle and matched it with the large green candfle we have seen this cycle. Loopring has been trading horizontally for a much longer time, between .40 - .80 cents since January. - A potential breakout in the upcoming months looks likely, it could happen sooner but I'm guessing mid-summer. - If we look at market cap, LRC is a smaller coin sitting at about $750 million. There is a lot of room to grow especially as this cycle progresses. - Now, the percentage gains in the future are never going to be exactly the same as they were prior, but if LRC rose to lets say $6.00, the market cap would be sitting at a modest $7.5 billion which I think is definitely in the realm of possibility. - Loopring will most likely not be left out to reach a new ATH this cycle and remember to do your own research.
BINANCE:LRCUSDLong
by mascher7675
2
LRC breaks all time high and looks to move much higherLRC breaks all time high and looks to move much higher. TLDR What Loopring is An application-specific zkRollup protocol, a relayer, an L2 non-custodial exchange, a smart wallet — but eventually it will just be Loopring, where you use, trade, grow, and store your assets. Aiming to become the leading user-facing financial services application in the world. Trading, investing, payments, ‘banking’. The gateway of choice for users to experience the parallel financial system of Ethereum — in all its glory and security. What Loopring is not A generalizable zkRollup seeking to support arbitrary protocols or functionality deployed atop it. An L2 focusing on having other projects build their products atop it.
COINBASE:LRCUSDLong
by altcoinnerd
LRC, Secure the StationLRC, 4h: The power in the trade idea here is the 4h timeframe working from inside out, to signal longer term bullish continuation. MACD Hidden bullish divergence issues the continuation signal. Entry accumulation here between the 0.382 and 0.50 Fib. Moving averages have gold crossed this week: the 14 SMA (purple) over the 56 SMA (green) at 4:1 ratio. LRC will use the 56 SMA as support all the way up to Fib extension targets overhead. Easy risk management with stop loss just below the 0.236, defining the bottom of this local range. I think this will turn into a 3 rising valleys, which is why position starts here. This is trading 101.
GEMINI:LRCUSDLong
by WhoLetTheBullsOut-
Setting Up To Long LRC Again!Entry anything below 0.61-0.55 Targets: 1.00, 1.20, 1.75 How to play it: Watch that RSI see if it bounces off the 50 (neutral zone) or if it looks like itll go bounce off the 30 (over sold zone). Ill slowly enter starting from around 0.60 and keep buying if its moved down through the cloud, if it bounces off the cloud ill just fully enter at w/e price that is ( prob around 0.60-0.62). Should try to buy when macd goes negative if possible. if it goes below .45-.50 ill bail or just hodl and dollar cost my average down. Lots of development going on with this project as the spear head L2 development. severely undervalued. eventually LRC will work with smart contracts it will be a cheaper way to use smart contracts. so definitely allot of use case and speculative value. Not to mention token burns coming along with new exchanges building using the lrc protocol and their own dex. solid project.
LLong
by dead4586