RC/USDT BYBIT LOOKING FOR CONTINUATION TO THE UPSIDE AND IS CURRENTLY IN A BULL FLAG ON THE 4 HOUR CHART! PRICE HAS RETRACED SLIGHTLY AFTER TRYING TO BREAK OUT OF THE BULL FLAG YESTERDAY AND HAS HAD A BIT OF A COOL OFF!
I Believe Buyers will return and have shared with you my targets for a long set up on the chart!
Measuring the flag pole would take LRC/USDT to the fibbonachi 1.5 Extension, even though this is a target i would still take my first take profi at the 1:1, remember ladies and gents nothing in trading is a guarantee we have to lock in pr,ofits to be profitabe traders!! My Take profit 2 is at the 1.236, Then take profit 3 at the 1.618.
Using a stop loss below the local support makes this trade a good risk to reward ration.
Just thought i would share this with you if you have not yet discovered this set up!
ALT SEASON IS UPON US AND I BELIVE DECEMBER TO BE A MASSIVE RUN UP FOR A LOT OF ALT COINS AND I WILL BE SHARING MY IDEAS SO FEEL FREE TO GIVE US A FOLOW SO YOU DONT MISS OUT! ;)
HAPPY TRADING AND WISH YOU ALL THE BEST OF LUCK WITH YOUR EVERYDAY TRADING, LETS MAKE MONEY TOGETHER :)
Hey London, I had already put money into Gala before I read your prediction but it was great reading regardless. Half of my holdings is currently in LRC so I'm looking forward to you being correct on this one too. Do you think with the potential GME news happening soon that it might be reasonable to just hold? Cheers again for your insight, I'm a newbie but really enjoying trying to understand the charts.
LONDON_XRP
⋅
@uncleroberto hello mate thanks for your reply 👌 I can’t give you financial advise on what to do with your holdings but can let you know you made a good choice with LRC and are now reeping the rewards 💪🏼 so well done there! 👌 I’m not to much on fundementals I try focus more on the charts but yes I do feel this has made an impact and people fomo in with the news! I did read that over 100 million lrc were moved on chain also to possibly support GME? But no facts as yet!
Thanks for your feedback tho real pleasure to hear , as I am pretty new also but been working hard in my spare time to understand technical analysis, you just got to find work works for you 👌 Good luck with everything in your journey bro 💪🏼
LONDON_XRP
⋅
@uncleroberto GALA hit the 1.618 to perfection before getting rejected 👌
LONDON_XRP
⋅
But I do still see more continuation for this coin
Gabriel12345679
⋅
Thanks for the chart, I love this coin, it has a great team too 👍
LONDON_XRP
⋅
@Gabriel12345679 thanks bro yeah great project think bigger things to come for sure 💪🏼
Half of my holdings is currently in LRC so I'm looking forward to you being correct on this one too.
Do you think with the potential GME news happening soon that it might be reasonable to just hold?
Cheers again for your insight, I'm a newbie but really enjoying trying to understand the charts.