cryptosince1963

LRC - Potential for a breakout? Charts starting to shape up!

Long
BINANCE:LRCUSDT   Loopring / TetherUS
LRC is seeing some good signs shape up on the chart.

Pretty clear bullish bat just ended, already yielding +40% and giving us a clear parallel wedge.
Volume seems to be breaking out, we'll have to see if it can sustain this.
MACD is showing first signs of reversal.
Potential room for growth on RSI, though with the distance from the top resistance on the wedge being so large it's likely we'll see a reversal before the action completes.

Pretty strong indicators for a breakout in the works. I'd aim to buy a retrace or a retest.

This is not financial advice. Want financial advice? 2 words: Pet Insurance 🐕
Comment:
told ya.
Comment:
+230% so far... Can't make this stuff up guys.

Come hang out with me on telegram, it's free and I won't be too mean too mean to you:

t.me/KadnimCrypto
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