Loopring has finally fallen into the first dip that I feel comfortable buying since I heard about it. Very nice value area here.
LRC looks exciting, made a bullish penant. A breakout above 3.1 USDT Target 3.1(3.8-1.1) = 5.8 USDT feasible in few days
LRC burst out of its triangle and looking to hit its initial TP of 5 - 5.5. Daily RSI is at 70 levels again.
We just broke 4hr bullish support zone. With my bitcoin long, I have to hedge against myself. Now loopring has done 785.90% profit in 13days. We have never gone into the bearish control zone . Conclusion : If i was up 785% on a altcoin with bitcoin making a 1 month low. Even with a dip in bitcoin of 50%. I would still be more than 350% in profit if i buy bitcoin now.
Pattern completion at $3.67 then a Price Target at the A Wave of $2.15
Up 30% since last post! Atm its looking more like another impulse is being put in for a new high, but not putting the jet skies trailer before the Ferrari. The 2/B is pretty big so, for the right look or proportions sake, some distance from there would make things look a lot more pretty. It could still be putting in some kind of sideway correction still as well so...
After a rest in form of a Triangle, price broke it and now it's time to make a new ATH at 4.5$, and if uptrend continues, long term ATH will be 25$
I really think LRC can easily 3x if not more. I’m holding this long term but always reward yourself with a little profit on the way up.
LRC break through to the upsidee in the descending triangle, so the previous gameplan is invalidated and stop loss triggered. Here Im placing Longs with a tight stop loss somewhere in the range of the triangle below.
$LRC forming a triangle primed to breakout with TP to 6. TP: 6 SL: 2
LRC is strictly respecting the descending triangle movement which draws lower highs and support bounce, which is likely to break through to the support after it reaches a certain level. I'm placing shorts every time it gets rejected from the triangle top side. This is my 4th short position I open here.
Loopring is still possible to reach the target of $4.2 - 4.8. Cluster support is at the level of $2.4 - $2. The risk level is below $2. Take profit in stages 3 -3.2 - 3.4 - 3.7 - 4 - 4.2 - 4.3 - 4.6 -4.8. Good luck.
Its got the look of a double Zig Zag, not perfect but dece. Now a 2xZZ could turn into a 3xZZ but those are said to be rare, so we shall see. Breaking 2.89 would make a 3xZZ even more unlikely so that area alarmed. Some nice grindage on the channel too!
After the massive run-up earlier this month, LRC is currently seeing some consolidation coming its way. During this period of consolidation, a bull-flag pattern has developed on the chart. Since this flag pattern has formed during a strong bullish move, it's more likely for the price to break out on the bullish side than on the bearish side. In case of a bullish...
RC/USDT BYBIT LOOKING FOR CONTINUATION TO THE UPSIDE AND IS CURRENTLY IN A BULL FLAG ON THE 4 HOUR CHART! PRICE HAS RETRACED SLIGHTLY AFTER TRYING TO BREAK OUT OF THE BULL FLAG YESTERDAY AND HAS HAD A BIT OF A COOL OFF! I Believe Buyers will return and have shared with you my targets for a long set up on the chart! Measuring the flag pole would take LRC/USDT to...
Make or break right now and anything can happen. My bet is on upward but many indicators show indecision.
I see pretty bearish movement likely to happen in the coming couple weeks in loopring pairing USDT. We got lower highs and the support which looks like susceptible of being broken through.