TradingView
fayedfinance
Nov 5, 2021 4:52 PM

LRC Looks prime to test previous ATH ($2.51) Long

Loopring / United States DollarCoinbase

Description

Good afternoon traders!

Just a little bit of fibonacci levels here, LRC is currently presenting a potential bull flag following the breakout of the falling wedge. Stop loss is set just a few percent below the 0 level, with my average entry at 1.073.

A solid entry point seems to be a close on the 15m above this current fib level, with adequate volume and momentum. Looking to see Loopring push up to it's previous ATH being $2.51 with the GameStop NFT marketplace news expected to drop shortly. I currently don't have any targets if/when we break ATH, I want to see how it plays out.

Good luck traders!
More