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Loopring / TetherUS PERPETUAL CONTRACT

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LRCUSDT.P trade ideas

Buy LRC LRC has been consolidating above the EMA50D for two weeks. On 12H TF, it broke the trendline. When looking at the LRC/BTC pair (see in comment), price is at long-term support. History shew that, LRC would bounce hard from this support. Proposed trade setup is as in chart. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control. --------- info about LRC -------------- LRC typically refers to Loopring (LRC), a decentralized exchange (DEX) protocol built on the Ethereum blockchain. Loopring aims to facilitate the exchange of digital assets while allowing users to maintain custody of their funds throughout the trading process. The Loopring protocol enables the creation of decentralized exchanges and is designed to provide scalability, security, and liquidity to the decentralized trading ecosystem. It uses a combination of on-chain and off-chain processes to execute trades, utilizing a concept called zkRollups to batch and settle transactions on the Ethereum blockchain.
Long
by evasivesteering
✴️ Loopring Ready For Major Bullish Explosion (500% Possible)Here is another incredible chart, things will soon get out of control; A bullish disorder. Loopring (LRCUSDT) has been rising strong since 19-Oct and is showing a super high RSI. While the RSI looks great, the current price is barely trading above the early November 2022 low. This means that growth potential is still intact and the bullish bias strong right from the get go. The volume lines can be tricky, they seem pretty small but it is not about the size but the size compared to previous days, previous sessions. Lately, the trading volume has been 3, 4, 5 times above the average in the past 7 months, telling us clearly that behind the scenes the bulls, smart money and emotionally well balanced people are already buying up. What follows is a bullish wave, no surprise, with a target of 500% or more. We can look closer, 50%, 100% and 148% can happen within this month or within days. When it moves it moves fast and strong. The consolidation phase can take many months but the breakout alone can produce 100% in a single day, sometimes less, sometimes more. Namaste.
Long
by MasterAnanda
5
LRC Loopring - Quiet before the STORM ?Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Loopring / LRCUSDT has been trading under its 50 day moving average for a few weeks now (this is the weekly chart). This means that the chart is heavily oversold from the MA perspective and a correction is due. This is bullish, because a correction back towards the 50d MA is expected , even if we get rejected there it will still be an easy, low risk high reward setup that could provide +140%. Keep an eye out on this altcoin and the price action along the moving averages ! Have a great weekend, the charts will be here on Monday 🥂 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
23
LRC/USDT bullish ride? 👀 🚀 Loopring Today Analysis💎 Paradisers, brace yourselves as we've spotted a promising opportunity with LRCUSDT, poised for a potent bullish surge following a retest of its formidable support. 💎 In our prior observations, LRC navigated within a descending channel. After breaking free, it faced rejection at the supply level of .1772. Interestingly, it's now revisiting the channel's support, which previously played the role of resistance. 💎 Currently, the odds are in favor of it embarking on a bullish trajectory from the solid support level at .1644. This is further bolstered by the presence of untouched supply zones overhead, indicating a potential visit to these levels in the foreseeable future. 💎 However, on the flip side, should the price breach the .1644 support, we might witness a notable downward shift. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Long
by MyCryptoParadise_Simon
LRC/USDT - Loopring: BBand Breakout◳◱ On the $LRC/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.2135 | 0.2247 | 0.2569 and support near 0.1813 | 0.1603 | 0.1281. Entering trades at 0.2138 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Loopring ▣ Rank: 131 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: Loopring is an open protocol for building high-performance, order book decentralized exchanges on Ethereum. Their goal is to enable the building of highly scalable exchanges without compromising Ethereum-level security guarantees through a zkRollup construction. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2138 ₮ ▣ 24HVol: 7,669,682.718 ₮ ▣ 24H Chng: 6.633% ▣ 7-Days Chng: 13.52% ▣ 1-Month Chng: 21.59% ▣ 3-Months Chng: 0.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.2135 | 0.2247 | 0.2569 ◢ Support: 0.1813 | 0.1603 | 0.1281 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.95 ▣ Last 90D: 0.00 ▣ Last 1-Y: 0.10 ▣ Last 3-Y: 0.74 ◲◰ Volatility : ▣ Last 30D: 0.44 ▣ Last 90D: 0.46 ▣ Last 1-Y: 0.88 ▣ Last 3-Y: 1.50 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.30 - Bearish ▣ In-depth LRCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
LRC performed Descending BroadeningLRC performed Descending Broadening Wedge A descending broadening wedge is a technical chart pattern often observed in financial markets, particularly in stock trading and forex. It is a type of wedge pattern that indicates a potential trend reversal from a downtrend to an uptrend. Here's a breakdown of the key characteristics of a descending broadening wedge: 1. **Shape:** A descending broadening wedge consists of two converging trendlines. The upper trendline slopes downward, while the lower trendline slopes upward. This creates a wedge-like shape on the price chart. 2. **Diverging Boundaries:** The defining feature of this pattern is that the two trendlines are moving away from each other, making the wedge broader as time progresses. 3. **Sloping Trends:** The upper trendline represents the resistance level and is typically steeper than the lower trendline, which serves as the support level. 4. **Volume:** Volume tends to decrease as the pattern develops. This is a key characteristic, indicating a decrease in trading activity. 5. **Duration:** The pattern usually takes several weeks to form, but the timeframe can vary. 6. **Breakout:** The pattern is considered complete when the price breaks out of the wedge formation. The breakout can be in either direction, although in the case of a descending broadening wedge, a breakout to the upside is more common and is seen as a bullish signal. 7. **Target:** Traders often use the width of the pattern at its widest point to estimate a potential price target once the breakout occurs. This is typically projected in the direction of the breakout. In the case of a descending broadening wedge, the target would be higher prices. Remember that technical analysis, including the interpretation of chart patterns like the descending broadening wedge, is just one tool used by traders and investors to make decisions. It's important to consider other factors and use risk management techniques when making trading or investment choices. Additionally, not all chart patterns play out as expected, so it's crucial to use these patterns in conjunction with other forms of analysis to make informed decisions.
Long
by Crypto-Adda_Official