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LRCUSDT trade ideas

LRC - Update- We Aren't Done Yet!Continuing my theme recently, if you followed my last LRC trade it was good for.... 244%... Yeah - I don't know how that happened either. Anyway, looking at the chart, we saw almost a 30% retrace in value since hitting ATH at .6 area, nicely bring us out of oversold. Uptrend appears to still be in tact on MACD, interestingly the weekly has a ways to go still on RSI, see below Think we're good for at least another 120% here.. Likely higher as this has seriously legs behind it seemingly.
Long
by cryptosince1963
7
LRC - Potential for a breakout? Charts starting to shape up!LRC is seeing some good signs shape up on the chart. Pretty clear bullish bat just ended, already yielding +40% and giving us a clear parallel wedge. Volume seems to be breaking out, we'll have to see if it can sustain this. MACD is showing first signs of reversal. Potential room for growth on RSI, though with the distance from the top resistance on the wedge being so large it's likely we'll see a reversal before the action completes. Pretty strong indicators for a breakout in the works. I'd aim to buy a retrace or a retest. This is not financial advice. Want financial advice? 2 words: Pet Insurance 🐕
Long
by cryptosince1963
2
LRCUSDT 4H Long setup; Long after bouncing on bottom of channelTA Explained LRCUSDT clearly forming a parallel channel here. After the bounce at the bottom line of the channel a test of the upper line can be expected. If it breaks next targets are previous considerable price levels. Stop loss below channel. Trade setup Best entries: 0.172120 - 0.177350 TP1: 0.187380 TP2: 0.199340 TP3: 0.212670 SL: 0.163700 RR: 3.47 Max leverage: 3x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
1
LONG LRC - breakout of bullish flag - Low RIsk Entry Point LONG LRC - breakout of bullish flag - Low RIsk Entry Point // - Loopring is an open protocol for building high-performance, order book decentralized exchanges on Ethereum. Their goal is to enable the building of highly scalable exchanges without compromising Ethereum-level security guarantees through a zkRollup construction. Although blockchains inherently provide trustless trading, there are problems with building exchanges purely on-chain. Specifically, processing speed, throughput, and computation costs. Performing all exchange steps on-chain can be prohibitively expensive, or impossible to emulate centralized exchange speed and performance. For these reasons, Loopring has moved almost all data and computation off-chain but leverages zero-knowledge proofs to retain trust-minimized properties.
Long
by HodlTradeCrypto