Something is going on with this coin on the technical side.
There is literally no downside target that I can see right now, so I just labeled in MASSIVE SUPPORT TREND.
It looks like it is really close to making a move to the upside.
Somewhere around .8
Then it will likely hit some resistance there, but has a lot of potential to keep building support and climbing....
Here it is!!
Price targets (sell targets) red/light red
Two current trends that are fairly major, which were on the old chart.
Parabolic curve meaning short term movement which can really pull the price in some crazy directions.
However, be careful because I currently can't find a real number over 71 and I more real, 54 or so, which aligns with the trends and...
I mean, yes.
But it is low probability that it happens or even happens as shown.
So the reason for the projection line, is to show how it "could" dip into the buy zone and potentially below allowing for a spring.
It doesn't need to happen this way, but essentially these low price targets hitting would be good for an upside move.
There are two short term...
Loopring chart update to reflect an unlikely move, but also possible, and also allows for me to add in the higher lines and show the full potential retracement scenario.
In other words, buy the dip, but like .9 is around a 200% gain from here. Don't be greedy at that point, be greedy now and on the way up.
I'm not sure what else to add.
Follow the trends....
Follow-up on a previous long term idea.
LRC popped through the downtrend from 15 March - 7 April, will it hold?
Holding the trend, following a strong fib level.
Danger zone to 0.2720 if fib isn't held.
/potential/ entry 0.3596 stop 0.3397 up to 1.5933 profit level
Just playing around
Is LRC repeating a previous cup and handle pattern and winding up to take off after the BTC halving on approx 20 April?
Testing the 0.236 support level
Previously poked the 0.382 resistance
Potentially bouncing off of the 121 or 200 EMA
Will likely not fall below the 0.2144 price level any time soon.
Psychological targets at $1 and $1.5...
Definitey looks like it’s validating the breakout here after 2 previous attempts that ended up going back inside the channel. 3rd time here is likely the charm but it needs to overcome the resitance of the weekly 200ma (in blue) first before it can hit the full target. *not financial advice*
Hi all. Loopring is a protocol for building decentralized exchanges. It is an open protocol that allows developers to incorporate exchange functionality into decentralized applications (dApps). Loopring operates on the Ethereum and Qtum blockchains, and also plans to expand to NEO. It provides higher liquidity and improved pricing by matching orders in the form of...
A lot IFs but the movement is heading towards some very positive catalysts: EMA crossover, upcoming possible breakouts, stochastic upward movement, and MACD showing sale side reducing.
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Chart Analysis:
Pair: LRC/USDT
Timeframe: Daily
Key Observations:
Bullish Momentum: Loopring (LRC) has been demonstrating significant bullish momentum...
FWB:LRC (Loopring) On WEEKLY time frame, shows bounce/ support at ice-line (macro support). Breaking trendline, Im expecting a return to .40 area. To reiterate, this is WEEKLY time frame.. give this time. Ultimate retrace to .236 ($1) on fib and even a hail mary throw to 100% retrace at $6. My bulllish thesis & catalyst is Ryan Cohen and his outlook on this technology.
On the hour chart, the trend started on May 25 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.2932
But do not forget about the SL = 0.2744
Using a trailing stop is also a good idea!
Good luck!
Regards, WeBelieveInTrading
Here on the weekly we can see price action has overcome the weekly 200ma(in blue) and is about to test the resistance of the weekly 50ma (in orange) it will need to overcome the 50ma to reach the full breakout target, so I’ll be keeping a close eye on how it interacts with the moving average. Most importantly is that it closes the weekly above the wedge as well as...
Loopring's January rally that broke above Resistance A (0.4250) is on a Bull Flag pattern with a few days away from forming a 1Day Golden Cross. The strong rebound on the RSI shows that this pull-back may be coming to an end, especially if it (the RSI) crosses over its MA again.
The 1Week MA50 stopped the rally on Feb 2nd and caused the Flag pattern so logically...
