Hello, community members welcome to this LRC/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As we can see that above-mentioned chart is evident that LRC/USDT just broke out the neckline of this HEAD &...
As we can see LRC has created double bottom pattern and is consolidating in the region of 0.6-1.36 region. Once the BTC is normalized, LRC is going to break 1.36 resistance and boom, gonna make new ATH
Loopring has dropped more than 30% since beginning of this month. It is at fibo 0.78 level and at great support line. Also triangular it created triangular shape.
The GME marketplace cant save the entire market.
My 3 scenarios for lrc depending on whether bitcoin on the monthly stays strong on 30k band. If it does not I expect a 75% retrace minimum (17k area). I will not sell to rebuy in lower but add in at each resistance down to my original buy in.
Bitcoin at the 17k area would mean LRC would be near that last major...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions or suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you...
NOTE:
MS means Major Support.
CP means...
on the LRCUSDT chart, a pattern of Head and Shoulders is formed and the neckline of the pattern is broken, the price is retracing and in case of retest ( pullback ) to the Neckline or Downtrend can made short position for the target specified on the chart.
I hope it will be profitable for you ❤️
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On daily chart
BINANCE:LRCUSDT is accumulating around 0.82 and further maybe.
Use DCA way for this case
Less risk, high reward
Wait for a breakout descending channel with huge volume, soon.
Next target from 1.9 to 2.1
What next, wait and see my fellas
On 1H TF
LRC has found a support at 0.82 which level is a 0.618 Fib of previous surge.
Right now, LRC is swing in range from 0.82 to 1.0, it's also a resistance 0.94
If it can break 0.94, it will challenge level 1.0
What next, wait and see
On daily chart
Loopring has completed four waves at 0.63 after that, LRC's rally.
Right now, the lower impulse wave is progressing. Target is 1.8 in short-term
LRC's high volatility, which suit to trade in lower timeframe.
LRC is still in ascending parallel channel with strong support below 0.63. This range is a good zone to entry for...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions or suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you...
BINANCE
