Chibuike_Odoh

LRCUSDT - Dailly analysis

Long
BINANCE:LRCUSDT   Loopring / TetherUS
LRCUSDT brokeout above the symmetrical triangle pattern as expected from my previous analysis.
Price hit the ATH and retraced.
Price is testing the flip horizontal support + 0.618 fibonacci retracement level.
A bullish pin bar ( hammer ) was formed on the Daily timeframe .
Price action is printing the inverse head and shoulders reversal pattern.
Possible uptrend continuation.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Targets 🎯 - previous swing high ( ATH ), fibonacci extension levels.
Setup invalidation ❌ - breakdown below the inverse shoulders support level .