LRCUSD trade ideas
new all time high soon⏰ 📊LRC coiling for a big breakout ! lots of top trendllne resistance for now, a move over 3.65 is confirmation that we will see a new all time high breakout!
like and follow for more :)
Momentum is too strongLRC does not want to stop here. Shooting to break $4 in the short term (1-2 days) and head towards $5.
Compared to other established projects, loopring has a relatively small market cap which means there is a ton of room for the price to grow.
- Remember : everything has to correct at some point and we can not put in large green weekly candles forever so when the time comes that LRC dips hard, be ready for it, stay calm, and realize that this is normal in these markets.
LRC enjoying a rally... COINBASE:LRCUSD
LRC has been on a run lately. I'm not particularly familiar with this coin, but I was perusing the charts and this one jumped out as a potential long. How long? Anything goes in the cryptos...
Not advice... For fun, guys...
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.
LRC - beara havenStoopid moonbois. Sell this shiet back to -$1
Not personally shorting, but if I were long, I’d sell!
LRCUSD completed a clean 5 wave pattern. Expect Correction to GZLRCUSD completed a clean 5 wave pattern. Expecting a Correction to Golden Zone
LRCUSD Ready for next Breakout early Nov 10thLRCUSD originally spiked to $2.50. Then posted a strong bullish pennant where it consolidated and volume diminished. This lead to a very strong surge up parallel channels all the way to test $3.00 resistance. It has currently tested $3.00 resistance several times and appears to be consolidating down a similar pennant pattern.
Prediction: Price breakout to re-test and surpass $3.00 by early AM Nov. 10th.
To recap: LRC is a 2nd layer Etherium rollup coin used to speed up transactions off the blockchain. The hype surrounding this coin is that it will be used in a future NFT marketplace by Gamestop of all companies. Buy the rumor, sell the news. IMO now is potentially a good time to get in before bigger news hits and this heads towards a $5.00 in the next year.
LRCUSD looping back toward ATHI'll keep this brief. LRC is leading the herd on a bullish breakout day. I'm confident it will eventually hit $1.2, but will need to make a few stops along the way. $0.75 is absolutely key resistance. I will be taking the majority of profit here, and waiting to see how the market reacts. The zone just under $0.50 is also interesting, but I expect less of a pullback here. Let's see what happens.
yet another bullish pennantLRC is looking to push pass $3 and beyond.
At some point loop will have a pullback but it doesn't look to be happening soon.
$LRC to the moon #LRCHit 32 level in fi now I set a fix ext level for future moves
I hope traders hold so the movement can go up
we hope also the volume is still there
Small H&S for LRC/USD - Some ScenariosOverall I am long on LRC, but am looking to add to the stack with some downwards action. Its small, but there appears to be a H&S that could take us to 2.50 or as low as 2.22.
EDIT: I should add, the H&S is drawn fairly steep and I expect it to move anywhere between my drawn downtrend and the downward trendline. I will cut my losses and buy back in upon a convincing break of this line, otherwise will be waiting for 2.30ish
LRC Breaks $2.50 resistance. No sign of slowingLRCUSD broke out from a bullish pennant early this morning and passed the $2.50 resistance straight to $2.60. 15-min Heikin Aishi candles looking strong.
LRCUSD Bull Pennant - Breakout to $2.38 0 $2.50 SoonLoopring (LRCUSD) finishing a consolidation period. Clear bull pennant signaling breakout. Could push past 2.25 to 2.38 and possibly 2.50 very soon.
LCR long I see it still going up it hit 36 level in fib and I add Fib extinction to determine the next move
LRCUSD Retracement to $2.25 and beyond near?After peaking to $2.50, LRC has been dancing between $2.00 and $2.20. EMA indicators still look good, retracement to $2.50 and beyond near?
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.
LRC 200% - 400% Ready For ProfitWe're ready for the next ascent. Minimum two hundred percent profit, maximum four hundred percent profit expectation. Good luck.
Anatomy of a $HITCOIN Launch and trying not to get BURNED!For those late night cryptosphere observers, we can sometimes see rockets at night. This one might fly 5 sec, 5 min or 5 hours. Charts will the state of the bulls and bears to either get rid of this shitcoin before it explodes. $hitcoins are long-shorts. Yes, you might his the jackport but otherwise, you can expect they before the greatest thing, then die off. Sometimes, the "rug pull" happens faster than others. You might end up with an amazon.com or a pets.com after the spectacular .com crash. 20 years later, here we are again it seems.
Well cryto in the form of well managed Bitcoin and Ethereum is safe heaven. In this tutorial, I will attempt to show from the launch detection to the hopeful exit.
LRC Bullish Pennant V2LRC Bullish Pennant V2 - 4hr candle.
I don't have much experience in TA, so please let me know if you have any inputs.
