We believe this future is built on Ethereum, and specifically on layer 2 (zkRollups)." Sites mission statement I really think there is still room for growth on the currency, Crazy part is Matt Finestone who was the CFA at loopring is now the Head of blockchain with Gamestop I know I have hella confirmation bias with GME however loopring is the protocol for said...
LRC has broken down from a bearish megaphone pattern into a parallel channel. Channel middle happens to be our support which took us in to a nice cup and handle pattern. stoch RSI is in perfect spot to make a move up into purple resistance zone. side note BTC has also made this pattern do able breaking from descending wedge pattern. if BTC holds we will see some...
broke cup pattern, now trading in a triangle pattern. 55-75% of the time when we see our MACD turn positive we will see a move up in the coming weeks. Still have good indications on making another leg up.
Pushed back above support just in time for the weekly close. it was consolidating for a move that I would've anticipated a move down since it was a continuation pattern but has broken up. May go a little sideways before bouncing toward .60
No change. looks like we are breaking out of the falling wedge. This was a tight consoldiation and I think good upside from here. atleast to .7 but I think we will start testing the green levels if we break it which I think is likely
LRC recently formed a cup pattern from good weekly and daily volume. The top near .60. The bottom close to .20. However, energy levels are in exhaustion on multiple time frames (weekly and daily). Today's daily candle looks to be a shooting star candlestick. So I would recommend waiting for the "handle" to emerge for this cup and handle pattern to complete. As the...
Cup and handle.
Clear monthly closes with higher lows.
Once the resistance is completely broken at the .55 zone, following are the targets:
Retest .90 zone
Final monthly wick 3.50+ zone
Plain and simple.
Who's holding this baby?
This is not investment or trading advice. You must be knowledgeable and conscious of your own...
Loopring has been on my main watchlist for a while
These are weekly candles but LRC is up over 50% on the day, showing the bulls stacking up
This one will be a late bloomer but as the market cycle continues, LRC will more than prove itself as it still hasn't surpassed its prior ATH.
This one's set for an explosive move of unparalleled proportion.
As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis.
I've been stacking LRC for quite a while now. This is the one of the few remaining layer twos that hasn't seen its day yet. Largely in part because of its novel complexity(ZK-rollups) and the...