Loopring, LRC has been on a massive up-move for days. It did over 300% . But all good stuffs must come to an end. It peaked out on the 4H chart at near $3.90 . Where I took my profit, because I saw the perfect indicator. After this I tweeted how it needs to cool off yesterday. This is 1H chart, Double-Top formed already. Failed to make Higher-High after...
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Hello. Loopring(LRC) which has been consolidating over the past few days in a symmetrical triangle pattern. But the time is coming for LRC to finally move again. In my technical analysis LRC may go upwards. Prior to the triangle pattern, LRC skyrocketed from a mere .40 to a high of 1.71. After the skyrocket LRC remained silent for a while with low volume. This...
LRC Bullish Pennant V2 - 4hr candle. I don't have much experience in TA, so please let me know if you have any inputs.
Could anyone please confirm if this is a bullish pennant? I'm very new to TA, and would love some input. Thank you.
Good afternoon traders! Just a little bit of fibonacci levels here, LRC is currently presenting a potential bull flag following the breakout of the falling wedge. Stop loss is set just a few percent below the 0 level, with my average entry at 1.073. A solid entry point seems to be a close on the 15m above this current fib level, with adequate volume and...
Loopring Bull Signal - Massive RSI Spike seen on the 15 minute chart at the beginning of each leg of the ongoing long term bull run. With heavy positive public exposure with the ongoing GME situation, Loopring will be getting massive buying pressure as GME continues to loom in the background. With an announcement of partnership rumored soon, this is likely a...
The breakout is by no means confirmed yet. However once it is it can climb all the way to $1.93-2.00! This is what the pattern looks like on a weekly chart, and I wouldn’t be surprised i it was more o a 2 week chart pattern. I so this may take multiple weekly candle closes above the neckline before it triggers the breakout. I think loopring’s all time high was...
We point out the spot to buy. Now is time to sell. LRCUSD SHORT after 70% up in the last 24h
LRC has been in range for pretty much the whole year between 1$ area and 20ct. Today it seems that prices are going for a break of this range, the MACD in Daily and Weekly are supporting for this plans. I would wait here to confirm the breakout with closure of daily candle and then wait for a consolidation with prices finding support of the 1$ area. To me,...
Possible formation of a Cup & Handle pattern. Right now the price seems to be testing and preparing for a break out. I'll wait for the re-test to LONG. Taking profits on Fib Level 161.8%
LRC at crossroads currently . Watch for a break of currentline for a short position. However could find horizontal support at 0.52. That said I expect a punt toward new local highs of 0.65+ before opting for a short. Hope this helps you out.
The price broke out of the formation and is currently consolidating on an important level (0.4066). Claiming this level should trigger more buying pressure. -- NOTE: In general altcoins started to be more sensitive to bitcoins moves which means some sort of uncertainty came to the market -- TP: 0.4845 (~20%) TP2: OPEN++ SL: 0.3765
LRC has managed to break above the descending trend line that is designated in black. POC aligns perfectly with the resistance zone, and I expect a retest of the trendline to confirm an upward movement. Volume has declined in a significant way. In order for LRC to scale higher, more liquidity must flow in. Resistance levels are designated in red and support levels...
LRCBTC chart has broken its long term trend line and it seems that it is retesting the broken trend line. It retesting done successfully, the chart may pump to higher targets.
This one's set for an explosive move of unparalleled proportion. As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis. I've been stacking LRC for quite a while now. This is the one of the few remaining layer twos that hasn't seen its day yet. Largely in part because of its novel complexity(ZK-rollups) and the...