LRCUSDT trade ideas
LRCUSDTLRC has breaked the BB and has the confirmation for more bullish trend in which it is already is so still a good position to invest in if missed it
great potential to give profits thou
buying lrc will grow welllrc is in an uptrend channel and can be pumped a lot from the wedge pattern. If Bitcoin allows, ltc will grow well.
LRC Ascending Triangle breakoutloopring cryptocurrency token
Ascending triangle pattern has very good risk and reward. ascending triangle breakout has really good success rate. just trade with cautions.and manage your risk
LRC cryptocurrency token breakout above the resistance zone
S/R flip above 0.46$
buy when price break above the 0.46$ on 4 hour
LRCUSDT - Potential buy entry 🔼Analysis 🔎: LRCUSDT bounced off the major ascending channel support and brokeout above the symmetrical triangle's inclined resistance. It also brokeout above the previous swing high.
Price is heading to the major ascending channel resistance.
The impulsive move is supported by an ascending trendline support.
Price is retracing to the ascending trendline support.
The pullback is resisted by a descending trendline resistance.
Potential bounce off the ascending trendline + key fibonacci retracement levels.
Buy entry ⬆️: breakout above the descending trendline resistance.
Targets 🎯: horizontal resistance level (R1), fibonacci extension levels.
Setup invalidation ❌: breakdown below the ascending trendline support.
Enjoy 🥂
BREAK OUT, RETEST, AND WE MOVEsecond wave in progress. just an update to my previous idea below. likes and comments are highly appreciated.
LRC --- USDTI think 0.3 area is a good deal for LRC to Long
TP : 0.4 - 0.5 - 0.6 --- 0.65 +++
Let see , also Waiting decision of BTC
LRCUSDT - Possible uptrend continuation 🔼Analysis 🔎: LRCUSDT brokeout above the symmetrical triangle's inclined resistance.
Price hit a new All Time High (ATH) and retraced.
Price is testing the flip horizontal support + key fibonacci retracement levels.
Price action is printing the inverse head and shoulders trend reversal pattern.
A bullish pin bar (hammer) was formed at the swing low (inversed Head).
Possible uptrend continuation.
Buy entry ⬆️: breakout above the inverse head and shoulders neckline resistance.
Targets 🎯: previous swing high (ATH), fibonacci extension level (1.0).
Setup invalidation ❌: breakdown below the right shoulder support level.
bullish pennantLRCUSDT potential bullish pennant on 4hr chart, break out coming soon.
This is not financial advice, DYOR.
LRCUSDT - Dailly analysisLRCUSDT brokeout above the symmetrical triangle pattern as expected from my previous analysis.
Price hit the ATH and retraced.
Price is testing the flip horizontal support + 0.618 fibonacci retracement level.
A bullish pin bar ( hammer ) was formed on the Daily timeframe.
Price action is printing the inverse head and shoulders reversal pattern.
Possible uptrend continuation.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Targets 🎯 - previous swing high (ATH), fibonacci extension levels.
Setup invalidation ❌ - breakdown below the inverse shoulders support level.
LRC 1$ ?!potential inverse head and shoulders on LRC. This indicates a reversal and could lead to another mega wave for LRC to 0.7$ soon IMO.
lrc /usdt 4h The entry is at the breach of the blue line with a 4-hour candle and the close above it, and the target is shown by the charts
LRCUSDT 1H golden waveThis correction currency is equal to 0.618 Fibonacci and is on its way to reach 618.1 and despite a golden wave
0 0.37400
SL 0.36010
TP1 0.37730
Loopring - Perpetual futuresLRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
What Makes Loopring Unique?
The main idea behind Loopring is to combine elements of centralized and decentralized cryptocurrency exchanges to create a protocol that will enjoy their unique advantages and eliminate inefficiencies.
Why Loopring will skyrocket?
Layer-two solutions can handle more operations volume than ethereum , making transtions fees value in cents.
in addition to that, the operations have a very powerful performance that allows trading with a higher quality.
Loopring Long ideaLooking to take a long depending on price respecting the target area.
also one eye on Bitcoin as this can affect my decision.
LRC Potential Inverted Head & ShoulderLRC Long Setup on 30 minutes with the potential inverted head & shoulder developing
LRCUSDT - Educational review 📚Good day everyone.
Today I'll be discussing on symmetrical triangle patterns.
How it looks, builds up, and plays out.
1.DEFINITION
First of all, what is a symmetrical triangle?
A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
What’s happening during this formation is that the market is making lower highs and higher lows.
This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend.
If this were a battle between the buyers and sellers, then this would be a draw.
This is also a type of consolidation.
Symmetrical triangles can play out both ways - equilibrium consolidation (buyers = sellers).
This mean there's a possibility a breakout ⬆️ and a breakdown ⬇️.
2. ENTRY (TRIGGER ENTRY SIGNAL)
In a symmetrical triangle pattern, you're to trade the breakout or breakdown. So your trigger entry is basically when the inclined resistance (for a breakout ⬆️) or inclined support (for a breakdown ⬇️) is broken by the market price.
3. TARGET (TAKE PROFIT)
Here, I'll be discussing on your profit target levels in the case of a symmetrical triangle pattern.
Basically your take profit levels should be where there's a high concentration of sellers ( sell orders ) or buyers (buy orders). And this is basically your resistance levels (in the case of a breakout) and your support levels (in the case of a breakdown).
4. STOP LOSS AND SETUP INVALIDATION
Stop loss and setup invalidation are quite similar terms but different.
Stop loss is simply a level where you cut your losses. It's like a breathing space for your trade. Your stop losses shouldn't be too tight ( to avoid being hit by stop loss hunting or market noise). It shouldn't be too far also (to give you a good risk to reward ratio (R:R)).
Setup invalidation is your last hope of validation. It's the last point that keeps a trade setup valid. When broken, the setup is invalidated ( no longer useful, you'll need to run another analysis).
Setup invalidation in a symmetrical triangle pattern is usually below the previous swing low ( for a breakout ⬆️) or the previous swing high (for a breakdown ⬇️).
Note: Your stop loss can be less or equal to your setup invalidation, but not greater.
5. TRADE EXAMPLE
I'll be using my analysis on LRCUSDT as example of a symmetrical triangle pattern.
Trade entry (long order ⬆️) - price breakout above the symmetrical triangle inclined resistance as expected from my previous analysis.
Target (take profits levels 🎯) - horizontal resistance / projected ascending channel resistance.
Stop loss - Setup invalidation /2
Setup invalidation - breakdown below the previous swing low.
Price brokeout as expected from my previous analysis and went on to double my expectations.
That's that for symmetrical triangle pattern.
Thank you.
