Description
⋅ The chart for Loopring (LRCBTC) looks beautiful now that a higher low is being cemented.
After the February 2021 bullish wave, LRCBTC went on to retrace and after some consolidation, signals are coming up pointing to higher prices.
LRCBTC recently moved above EMA50 and there was no strong volume while the correction took place, signaling that the bears are not strong.
Now that the consolidation phase is almost over, prices moved above EMA50/EMA10, we are very likely to see next a bullish jump.
Condition for change
If prices break and close below the last low, the above analysis is invalidated.
Namaste.