LRC as a strong monthly liquidity zone. LRC is approaching an test on its previous reversal zone. If there is a bounce on this level, expect LRC to have a continuation on a leg up. If price action does not hold this reversal zone, expect the fake out and break down under of price action.
Bitcoin and the institutional 🐳s that provide the astronomic buys and sells to -in essence- move the BTC market as they see fit, -well they've decided they weren't having it, and decided to bail out on all us party people. Hey, it happens a couple times a month, even more so now over these last several weeks of geo-political turmoil and uncertainty. Wait it out. ♠️🤫🐿
BINANCE:LRCUSDTPERP BINANCE:LRCUSDT LRC has formed Darvas Box,breakout will be huge from here.Care about downside risk too.Im personally LONG since 0.85$ so im not clong it until the breakdown.
🌀 LoopRing cup and handle is forming! ☕️ I wouldn't be snoozin' in the next several hours here 💤 because we could see a big ol' jump . LRC seems to always move in these very violent strikes, hitting the pivot several times (forming a cup and handle). Other tokens featured in this video are: Algorand (ALGO Zilliqa (ZIL) Jasmy (JASMY) 🤫🐿♠️
LoopRing (LRC) is simply doing what LoopRing does. LRC is a token that always seems to move in cup-and-handle chart formations. 🔹 We get a huge upswing, 🔹 We crash down, 🔶 We rebuild in violent strikes toward the the resistance point. 🔶 Two times... Three times... no dice. 🔶 By the 4th and 5th strike... 💠 We've now formed a LoopRing cup and handle, and...
As the title states, LRC has had two jumps with one to go. Great little bull-run on EDT wake-up. The "West... is the best- baby", as Jim Morrison so ominously put it. However it ain't so good for a trader 🙄. Red vs. Green day. Let's go.
Look like small bull flag printing, at the same time retesting the previous resistance zone. 30m chart looks bullish, 1 and 2H could turn up also. Anyway, the safest is to behave like its just a scalp trade, that will do no harm. SL is A MUST. BTC bulls are not so happy since it printed lower high on 1H chart, I recommend watching BTC PA if in any trade... This...
StopLoss: 1.25💲 Target: 0.97💲 Risk/Reward Ratio = 3
LRC on the up and up along with GME and their new marketplace. Seems to be following fairly closely. Will be interesting to watch as the levels progress. Bullish.
Current move up may be the reversal. But I would wait for a better entry lower, as shown on the chart, it looks like the impulse down in the wave (c) is still incomplete. Anyway, the large abc flat is on the chart, one can buy with DCA if market provides better prices. Good luck!
Loopring LRC with room to grow - addresses in profit Putting on-chain data by @intotheblock on the daily chart we see enough room to grow for LRC according to the last sell-off situation end of November 2021. Currently 67.31% are in profit - end November 85.48% have been in profit as taking profit started. Tell me if you like these charts - will analyse more...
Let's get ready for the after-party. I'll meet you all up... phew. --there. 🚀 Classic LoopRing cup-and-handle. This historically tends to be the way that LRC tends moves to test new highs.
Two new channels popped born from my original blue dotted positive trend line --that i thought LRC was going to cross violently, and then go down. However now, if we can continue on the top of this trend line and not enter either of the new channels at alll even better
We are directly at the apex of this triangle. If we move back up to test resistance, I don't believe we will push through (notice the descending stick values of the 3 times that we've already tested this. Wait until the weekly pivot of about T1.05 --that would be what I'd do. We should expect to see another jump up from there, but all-in-all I am labeling this...
Thoughts on: the new resistance level being tested @ ~T1.16 new positive trend established heading currently into breakout-- I believe will break UP. HOWEVER, I do also believe the resistance at about T~1.16 is going to get pushed through during the next test.
#LRC as planned the double bottom + the 0.382 fibo worked and we pumped to break the bullflag😎
Continuing my LRC idea - waiting for more confirmations of trend movement, but It is starting to look good although a little underwhelmed at the response of the recent news. Volume needs to pick up considerably for us to break the next few upcoming areas, but with all the information coming in we really see it pushing sideways for months as an accumulation phase...
It's truly an easy play. Every time news breaks with GME, LRC goes up. GME will publicly release their marketplace between now and July. DCA until the news and sell for at least 40% gains.