Is a Crab taking us to 100% to mimic the previous trend line dip? Maybe May 5th isnt a launch date? Still long on LRC.
My plan remains the same from previous charts. - Keeping it basic without clutter - 15 or so indicators I use do point towards a bottom having already happened - still depends on the rest of the globe no matter what - no convoluted chart zoom ins If we break below for a bear market I expect 30 cents. If the market picks up I still expect LRC to go well beyond 4...
on the LRCUSDT chart, a pattern of Head and Shoulders is formed and the neckline of the pattern is broken, the price is retracing and in case of retest ( pullback ) to the Neckline or Downtrend can made short position for the target specified on the chart. I hope it will be profitable for you ❤️ Please support our activity with your likes 👍 and comments 📝
LRC, after failing to gain positive momentum within the triangle, has broken down and will now most likely continue down to around the ~T1.05 mark or lower to test the weekly pivot.
As you can see a strong treadline has formed on the daily for Loopring dating back to March 15th. This treadline is respected at the time. But, if daddy bitty decides to dump more this treadline will probably be invalidated. The line in the sand for LRC is $1.00 - $1.04. It can even wick down to $0.96 as long as it doesn't close at that level. Closing under $1.00...
The 50MA seems to be imperative in prices evolution on this weekly chart, price has recently touched it and been bullishly rejected The orange trendline is dominant and seems to be hodling strong All MA's are spread this is the best state for likely continuation
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.
StopLoss: 1.25💲 Target: 0.97💲 Risk/Reward Ratio = 3
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.
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...
LRC is poised to head into a descending triangular breakout pattern. Elliot wave cycle doesn't seem complete as of now. Had earlier thoughts made me believe we may jump back to around ~1.15. However I am neutral.
As I said previously also, this project is not going anywhere, GameStop is just a starting, many more will come and LRC will go to $10
Loopring LRC token price prediction as per me, this buy is a trap for the buyers, so there is rejection here and it will drop from here even it has huge volume.
LRC Retest resistance become support after breakout Descending Triangle pattern MACD Showing Bullish crossover on Daily Potential continue upward movement 🚀 Target mentioned in the chart Stoploss : $0.78 Risk : 5%