LRC/BTC Bullish Divergence ...possible strong short term bounce

BINANCE:LRCBTC   Loopring / Bitcoin
Bullish divergence is forming on LRC/BTC on the daily.

Previous bull divs have resulted in very strong short term bounces. I would not consider this a long term hold, but rather a swing trade scalp.

This is a riskier trade because BTC is on a mini run right now to 8k. But LRC's price seems to be holding fairly steady.

2 short term profit targets outlined with the green lines.


We're also seeing a *possible* TTM long signal on the weekly. Last time this happened, LRC exploded for over %100 gains in a span of days.
Comment: Looks like the breakout came right on time.

Hope you all were able to lock in some profits. BTC looks like it's on the brink of holding on for dear life, so things can get tricky here.

But we'll see if 36x support can hold.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out