Testing/Tracking Elliot waves. Please do not trade off idea without stop loss.
This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest.
If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you.
On this chart it shows us that we've already gone through a -95% drop. This is normal in the crypto world. Most altcoins will go through a period where they drop -90-98%.
With that being said -95% is already high up there so there's a possibility we may go a bit lower down, but that's a very small amount compared to the possible upside.
If you hoover over to the today's price R/R you can see that from here you have a R/R ratio of 31.6 with the stop loss being underneath the Z wave drop. The Z wave drop is around a -97% drop from ATH.
R/R ratio from today's price: 31.6
Possible upside: 1915%
Possible downside: -60%
R/R ratio from Z wave: 656
Possible upside: 4975%
Possible downside: none. Personally I will not use a stop loss at all on either one.
I would dollar cost average into both and if there's a slightest possibility for another drop from Z wave then I would buy more too.
Do not go all in, especially if you're using leverage, a -60% drop is still big. Better to play it safe than sorry. If you go all in and you can't buy more when Z wave hits, you're out of luck.
From the Z wave I would consider adding a lot more (if we ever get it). This is not financial advice.
Chart timeframe is on the weekly. Expected timeline for this to play out is roughly within 2 years for the wave 3 top.
This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest.
If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you.
On this chart it shows us that we've already gone through a -95% drop. This is normal in the crypto world. Most altcoins will go through a period where they drop -90-98%.
With that being said -95% is already high up there so there's a possibility we may go a bit lower down, but that's a very small amount compared to the possible upside.
If you hoover over to the today's price R/R you can see that from here you have a R/R ratio of 31.6 with the stop loss being underneath the Z wave drop. The Z wave drop is around a -97% drop from ATH.
R/R ratio from today's price: 31.6
Possible upside: 1915%
Possible downside: -60%
R/R ratio from Z wave: 656
Possible upside: 4975%
Possible downside: none. Personally I will not use a stop loss at all on either one.
I would dollar cost average into both and if there's a slightest possibility for another drop from Z wave then I would buy more too.
Do not go all in, especially if you're using leverage, a -60% drop is still big. Better to play it safe than sorry. If you go all in and you can't buy more when Z wave hits, you're out of luck.
From the Z wave I would consider adding a lot more (if we ever get it). This is not financial advice.
Chart timeframe is on the weekly. Expected timeline for this to play out is roughly within 2 years for the wave 3 top.