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cryptosince1963
Dec 28, 2020 7:19 PM

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

Loopring / TetherUSBinance

Description

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.
Comments
cryptobizchannel
almost $4 i think
cryptosince1963
@cryptobizchannel, Man that is some INSANE upward pressure. Might be going LINK mode.
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