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Loopring / TetherUS

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LRCUSDT trade ideas

LRC Channeling (sort of)I've attempted to read LRC last week, and kind of succeeded. Drawing an ascending channel from January 21st, LRC has reached the top of it. Coincidentally the price is in the Golden Pocket of the Fibonacci Retracement taken from the high of January 19th to the low of January 22nd. If there is a decisive brake down from the Golden Pocket, I expect LRC heading towards the 0.5 (~ 0.9462) Fibonacci Retracement level. Ideally that'll happen at the intersection of the Ascending Channel center line and 0.5 Fib retracement level. Two notable points of interest on the chart are: #1 The beginning of Daily Support channel, tested a few times since February 2021. Ranging from 0.91 to 0.7475 #2 Hourly Support since January 21st 2022. Ranging from 0.8716 to 0.8680 Support lines come into play if LRC reaches and breaks through 0.5 Fibonacci Retracement level. Target 1 = 0.5 Fib Retracement (~ 0.9462) When in trade I keep to a strict Risk Management plan and keep an eye on BTC This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! BINANCE:LRCUSDT BYBIT:LRCUSDT FTX:LRCUSD
Short
by WhoIsWu
LRC 1D Careful, maximum is close, and then it will hurtToday we will consider the trading pair LRCUSDT. There is not much to write here, a long accumulation of Loopring token around $0.40-0.50 has logical completion — the price pump. The trigger for the jump probably was some important news for the project, right? Please share the information in the comments below the idea. Also, similar consolidation was observed in LRCBTC pair , there price reaches strong liquidity zone from above. At the moment the lucky ones can fix x7 profit, maybe even the price of LRCUSD will give x10 at around $4-4. 40, but you should not test your fortune, because the price is very high and the downfall might be very painful , around $0.90-1.00. We had a similar situation in IOTEXUSDT, and we warned crypto-market participants very timely that they should forget about longs and gave them levels to buy again. You can see the result in the idea below. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
42
Key area.If we don't break the 130ish area in the coming week then we will surely see 60 cents by February. If we do we need to fight to get back into trend, fight to get above ma, fight to get above other resistances/cloud. The only thing that is going to bring upward movement is a release from Looping or GameStop. Expect another dump tomorrow and dumps until the end of January. I'm holding for the long term but it's good to compare sentiment, developer release schedule, and news to price movement. A waiting game.
by Bobron
1