Happy Hump Day, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LRC - has reached key support level at 1.11 yesterday and held as it bounced back up now to 1.21 as of this writing.
There's a bullish divergence on the histogram on the MACD on the 1Day TF (TimeFrame)
The Stoch RSI on this 1 Day Chart just crossed bullish from this rebound and is poised to move upwards from its current position at the oversold region.
If LRC gets pushed past the green support trend line, the next level to watch for support is 0.7469, otherwise if it continues to push past Resistance A, the 12 MA is the area of interest to see how LRC will react.
If LRC pushes past its 12MA, the next resistance is Resistance B, and LRC breaking out of the falling wedge will bring an epic pump towards the Fib Levels above at:
38.2% = 2.1810
50% = 2.5131
61.8% = 2.8451
78.6% = 3.3178
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LRC - has reached key support level at 1.11 yesterday and held as it bounced back up now to 1.21 as of this writing.
There's a bullish divergence on the histogram on the MACD on the 1Day TF (TimeFrame)
The Stoch RSI on this 1 Day Chart just crossed bullish from this rebound and is poised to move upwards from its current position at the oversold region.
If LRC gets pushed past the green support trend line, the next level to watch for support is 0.7469, otherwise if it continues to push past Resistance A, the 12 MA is the area of interest to see how LRC will react.
If LRC pushes past its 12MA, the next resistance is Resistance B, and LRC breaking out of the falling wedge will bring an epic pump towards the Fib Levels above at:
38.2% = 2.1810
50% = 2.5131
61.8% = 2.8451
78.6% = 3.3178
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader