LRCUSDT is printing the head and shoulders reversal pattern. Breakdown below the neckline support could be a bearish signal ⬇️. RSI is also printing a bearish divergence signal 🔽.
💎Technical Analysis Summary💎
BINANCE: LRCBTC
-Looping is trading within a rising wedge on an RSI divergence
-This is technically Bearish in terms of chart pattern
-It is still unconfirmed until the upward trendline is broken down
-I recommend to Sell if a Bearish candle closes below 2k sat
-The downside target is the previous Resistance/Support at the 1400s...
Here I buy Loopring
and Loopring will go up.
The price is testing the major resistance, so now I buy and the bullish breakout will start.
And Loopring will go up.
See you up there
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001310 to 0.00001110). if so, traders can set orders based on...
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
Price is in the...
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
Price is in the...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Hello everyone!
Quick Analysis on LRC.
Wait for retrace on the 61.8 fib around 1850's, now there is a
chance that this could hold above the 1850's support level i would
keep an eye on volume. Once BTC has a nice RALLY i would expect
this coin to have a nice move up to retest the KEY resistance around
2900's-3100's.
Also if you want more ACTIVE UPDATES...
Loopring has had an amazing run up the last 2 weeks with a 100% increase from the bottom of 920 sats on 11/20. Does this coin have another leg up?
LRC continues to stay above the red 100 day MA on the hourlies during this leg up. Price range is staying within the channel that I have drawn.
So why do I think this coin has a little more steam left?
I...
Buy Price: Yellow Line
TP: Green Lines
Maximum Profit: Yellow Area
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am...
Binance
LRCBTC I like this project and it has a chance to become one of the leading decentralized exchange platform. A dozen projects have already integrated the Loopring protocol and more are expected to follow, which will create a network effect which will have a positive effect on the overall liquidity of the Loopring protocol.
This can attract new users and...
Good increase in volume
nice rounded bottom
clear accumulation
when this runs it will run hard
should see hold around the blue zone and consolidate for next leg up
disclaimer: I am not in this trade. currently only playing bitmex
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary...
