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cjkoepke
Jan 19, 2021 5:18 PM

Possible Breakout of H&S Long

Loopring / United States DollarCoinbase

Description

Noticed this happened overnight. Catching on now, last time LRC pumped it was pretty aggressive. Will see if it happens again, I was torn between this and XLM (which is really quiet lately).
Comments
braydenboyko
I like the idea, but the right shoulder isn’t really there, be careful.
cjkoepke
@braydenboyko, Yeah it's a bit of a risk for sure. XLM was also fairly muted on the right side.
martinh5621
I think its going to pump, if you look closely on the 4 hour, it came back down and retested the right shoulder and shot back up continuing the uptrend. we get passed .5 and we may be heading up to .6 and so on, when Ether runs, this usually goes with it. As far as XLM, Im also on the side lines when to enter, im going to take my profits from here and move to there before it makes its "expected" major upswing, its in an upward bull pennant right now and is looking to close a day from now, which would be perfect timing with their Q4/2021 conference in the morning. Hope it pans out lol.
cjkoepke
@martinh5621, Great strategy actually, will be looking closely at that as well.
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