LRCUSDT brokedown below the head and shoulders reversal pattern neckline as expected from my previous analysis.
Potential SELL re-entry at flip resistance ⬇️.
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 🔽.
At this moment, there are 3 SELL signal present and I'm BEARISH .
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 4 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.26) for 1D to buy,
3- You can buy if the candles open-close...
💎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...
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As it rises above 0.14871109, it is completely off the floor.
In order to create a new wave, you need to make sure you can get the support...
LRC/USDT
As long as it is indicated below the resistance, we do not expect any specific movement from this currency
As the current market situation continues, there will be a possibility of further price declines
Hello friends!
Today we will consider another token that has risen from the dead. Hype around defi is still strong,
which means that all these "promising projects" will still be pumping properly.
The analysis presented above is based on the typical patterns of this season,
the current phase is called the runaway train.
Don't forget to place stops and take...
It is above the new support(horizontal) line ( $ 0,19890)
It is ok to buy this coin now you already got buy1 signal and watch carefully EngineeringRobo' s sell signal
If you hold this coin time to sell it ( take profit)
On the other hand, EngineeringRobo gave Sell 1 & Sell 2,Bear and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the...
LRC looks like a new coin, so we do not have a lot of data, but according to EngineeringRobo's signals, we may buy it.
If we do not use the signals, we should wait that the candles pass the resistance line(0.13495).
Bias:
🔞 Just a quick chart for anyone looking for some levels to keep an eye on during this LRC pullback we are having.
Some basic price action used for how I am expecting this pullback to playout. Good luck everyone and hope you are all enjoying the weekend!
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