LRCUSDT.P trade ideas
LOOPRING (LRCUSDT) MID to Daily tf Range Updated till 23-3-22LOOPRING (LRCUSDT) midtier to Daily timeframe range. if you look at the hyper aggressive pump from November 2021. you can be sure about that its a high risk and reward alt without any doubt. from its top to bottom its provided some reasonable swing positions. the dump from its top was not as aggressive as the pump which is a surprise and it tells why those swing positions are reasonable here. its pretty straight forward chart here. from very basic rules of TA if one can utilize its range could end up in profit from both sides.
$LRC$LRC : Looks like a typical example for - Bouncing ball Pattern
It has bounced down from Previous ATH (since then) - to current level forming different heights (ATL's).
$Loopring looks like a pretty decent buy as shown after further dropping 5 to 10% from now.
The chart becomes extremely Bearish if it moves and breaks down the green zone.
The chart becomes extremely Bullish if it gets high Volume over MA., & starts towards an Uptrend breaking all Resistance zones., as it has done previously the same as indicated using a Yellow circle.
($GME - announcement might be the exact triggering point)
LRC.Usdt (Y22.P1.E1).Reversal signal Hi All,
We have early signs that BTC can be reversing to a bullish stance and its coincides with this structure to break out bullish.#LRC #Loopring
We have the resistance trend line breakout + the structure and we have the fib level.
All giving some potential bullish stance.
Please give me like and share.
Regards,
S.SAri
LRC I stepped away for a bit and came back to my chart with some slightly different outlooks and ideas.
Still think we will touch trend once more, and I dont think we will repeat history and drop below trend before resuming an uptrend. Some people are calling for 50 cents, we cant see that, but we do think the next month will be red-ish/sideways.
Seems to me like august will be the area to resume a bull trend and until then we slowly creep upwards under 2 dollars..
LRCUSDTAt the weekly resistance below 0.78 Fibonacci, its real value seems to be higher
DISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.