Loopring is showing a lot of strength despite the current situation on the market. I may be wrong but we can observe a ascending broadening wedge, it still needs to be completed but for now in my opinion it looks like it.
I will be waiting for confirmation, if I observe that I will make an update to this analys.
It is not a financial adbice, I'm just sharing...
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...
