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LRC

LRC is Setting Up BIG!Loopring (LRC) is presenting an excellent opportunity with a confluence of technical factors aligning at the old high demand zone. This area holds significant importance as it combines the strength of a multi-tap demand zone with a Fibonacci retracement level, enhancing its reliability for a potential bounce. Why the Old High Demand Zone is Key 3-Tap Test: The price has tapped into this demand zone multiple times, signaling its strength as a support level. Each tap reinforces the zone, indicating buyer interest and the likelihood of a reversal from this level. Historical Significance: This zone corresponds to a previous high where LRC established strong momentum. Retesting old highs as support is a common bullish continuation pattern, suggesting this area is crucial for price stability. Fibonacci Confluence: The demand zone aligns perfectly with a key Fibonacci retracement level (e.g., 0.618 or 0.786). Fibonacci levels are widely respected in the market, making this zone even more attractive for an entry. Why This Setup Stands Out High-Probability Reversal: The confluence of factors increases the likelihood of a strong bounce, making it an ideal point to join the trend. Low Risk, High Reward: Entering near this zone offers a tighter stop-loss and greater upside potential if the price rebounds. Market Structure Support: The demand zone holds significance in maintaining the bullish structure of LRC. How to Approach This Trade Spot Buy at the Demand Zone: Place buy orders within the old high demand zone, ensuring you're positioned at this critical level. Watch for Confirmation: Look for bullish price action, such as candlestick patterns (e.g., hammer or engulfing candles) or increasing volume near the zone. Set a Stop-Loss: Place a stop-loss slightly below the demand zone to protect against invalidation. Hold for a Fibonacci Extension: If the price bounces, aim for higher Fibonacci extension levels as potential targets. I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see. The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out! Tip of The Iceberg 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum
Long
by XU99
1
Alt coins ready to run ANKR, BAT, LINK, RNDR, DOT, LTC, LRC, ETCThis market is great for trading trend lines, look at this chart as an example, the two thick dark purple likes. The short one represented resistance for about 5 months, we finally broke that resistance and we broke out, we ran to top of what had been resistance for about 18 months, we had a small hiccup in both places and the break out from that trend line lead to XLM running virally, up to 65% in one day. Every day there are may assets reaching towards a break out point, and that's what I try to look for. I start on 1 day charts and then come down to a 4h or 1h candle, really no since in going to a shorter candle unless you are looking for precision entry. The main thing to take away from this is that when an asst breaks a resistance it tends to run, many times first coming down and proving that line to be support instead of resistance, then taking off, sin any case, the break of a trend line is generally a fuse lit for a run. The longer the resistance, the more times its resisted and then it breaks out, the break out tends to be stronger. Here are some alts i have been watching that seem to be staging breakouts or possibly in an early stage of the breakout. I like ENJ, ANKR, BAT, LINK, RNDR, DOT, 1INCH, mostly these are midcap, but they have started to break out from recent trends. I kind of like LTC, LRC, ETC, ATOM, BNT, MASK, MPL. Higher risk, but they have staged a breakout and most of these have lower marketcap so easier for them to get pushed further. Lots of other coins nearing some breakout points as well, they seem to be coming in waves with each day throwing us some 20,50, even 100% gains some times. I will try to post another update of break outs soon but in between all the trading and working to try to make my ai tech startup do something, my time is short. That also can lead me to evaluate things too quickly sometimes so don't just take what I say as a trigger to pull, use it as a flag to get your interest in evaluating these things yourself. The market is very bullish right now and there is a lot of opportunity to make nice gains and also to lose a lot buying the dead end of a recent run. Be vigilant.
Long
by EncryptShawn
LRCUSD LoopRing... Ring.. Ring. Hello? Like a phone, lol get it? Okay, enough fun, time for the serious stuff. Loopring is at support area, where things are flipping in the bullish direction I don't know the exact point it moves, but I know .1 was an area of support on a past chart. Take this move and probably compress the line, which isn't as accurate and more a guide to show the idea of a potential trend move to the upside. Okay, here is help from AI Here's an analysis based on the chart provided: ### Overview: - **Asset:** Loopring (LRC) against USD on the BITSTAMP exchange. - **Time Frame:** Weekly chart from 2023 projected into the future until 2028. ### Key Observations: 1. **Price Movement Analysis:** - The chart displays a pattern where the price of Loopring has been oscillating within a broadening formation, often referred to as a "megaphone" pattern. This is characterized by an expanding range between resistance and support lines, suggesting increasing volatility. 2. **Technical Indicators:** - **Price Levels:** The current price is at $0.04002, with a slight decrease (-0.17%) from the previous period. - **Volume:** The volume on the trading day is 229K, indicating moderate trading activity. 3. **Trend Analysis:** - **Support and Resistance:** The chart shows potential support around $0.02700 and resistance at approximately $0.07800. The price has been bouncing between these levels, with historical attempts to break above the upper resistance. - **Divergence:** There appears to be a divergence between the price action and the RSI (Relative Strength Index). While the price has been making higher highs, the RSI hasn't followed suit, which could be a sign of weakening momentum, hinting at a possible correction or consolidation phase. 4. **RSI Indicator:** - The RSI is currently in the neutral zone, neither overbought nor oversold, which might suggest a phase of indecision or consolidation in the market for Loopring. 5. **Future Projections:** - **Trend Lines:** The chart includes two trend lines drawn in a way that suggests an anticipated breakout or continuation pattern. The upper line acts as a resistance that has yet to be decisively breached, while the lower line serves as a support. Given the broadening pattern, there's an expectation of a significant move, but the direction is uncertain based on this chart alone. 6. **Volume Analysis:** - The volume bars show periods of high volume followed by lower volumes, typical in a broadening pattern where the market tests new highs and lows with less conviction each time. ### Potential Scenarios: - **Bullish Scenario:** If the price breaks above the upper resistance line with strong volume, it could signal a bullish trend continuation. This would align with the broader market's bullish sentiment if other external factors are favorable. - **Bearish Scenario:** A drop below the lower support line could indicate a bearish trend, potentially leading to a test of lower levels, around the 0.02370 region, indicated by the horizontal line. ### Trading Strategy Implications: - **Entry Points:** For a bullish trade, one might look for a confirmation of a breakout above the resistance with increased volume. Conversely, for a bearish stance, a break below support could prompt a short position. - **Exit Points:** Setting stop-losses just below support or above resistance could help manage risk effectively. For profit-taking, aiming for the next significant resistance or support levels as shown might be strategic. ### Recommendations: - **Wait for Confirmation:** It might be wise to wait for a clear breakout in either direction before committing to a trade. False breakouts are common in broadening patterns, so volume and price action confirmation are crucial. - **Time Frame Considerations:** Given the long-term nature of this chart, this analysis might be more suited for swing trading or long-term investment rather than day trading. - **Backtesting:** Before live trading, backtest any strategy you might derive from this chart against historical data to gauge its effectiveness. - **Market Sentiment:** Keep an eye on market sentiment and news related to Loopring or the broader crypto market. Fundamental analysis might also be necessary to understand why such patterns are forming, especially in the context of broader market trends. ### Conclusion: The chart suggests Loopring might be at a critical juncture, potentially poised for a breakout. However, the broadening pattern's nature implies caution, as it can lead to either a significant rise or fall. Traders should use additional tools like moving averages, MACD, or Fibonacci retracement for more refined entry and exit points. Given the chart's time frame, patience and a cautious approach are recommended. Always remember, in trading, patience can be a virtue, and understanding the broader market context is crucial. Remember, this is not financial advice, and while technical analysis provides insights, it's just one tool in a trader's toolkit. Always consider combining TA with fundamental analysis and market sentiment for a more comprehensive view.
BITSTAMP:LRCUSDLong
by nicktussing77
1
LRC Long -> 1.36$Long Position on LRC/USDT We have entered a long position at the current price of 0.1348 USDT. Based on our chart analysis, we expect the price to soon reach the marked levels. At each target, we suggest taking partial profits to secure gains and reduce risk. Targets: 0.50 USDT – First target, take partial profits here. 0.80 USDT – Second target, take more profits. 1.40 USDT – Final target, exit the remaining position. A stop-loss should be placed below the recent low to manage risk effectively.
Long
by SerenityEquity
2
LRCUSD LOOPRING IS THIS THE END?not really, unless something super major happens which is outside of TA and puts the coin down to nearly nothing. Overall, RSI is bearish, but gearing up to move bullish for at least a little bit, at which point, it can reject the short term trend and continue to funnel down or it doesn't and the short term trend ends up moving LRC to the higher price targets. Everything is marked on the chart. This is the Monthly view so really long term viewpoint. Anyway, all the other LRC charts cover a lot of the moves, trends and price targets so this one is staying simple.
COINBASE:LRCUSDLong
by nicktussing77
7
LRC buy/long setup (4H)From where we placed the green arrow on the chart, we have a bullish pattern on the chart. This pattern is diametric or triangular. In both scenarios, the price can move from the green range to the red box. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
LRC/USDT Main Trend 08/17/2024Main trend (the most visible part). Logarithm. Time frame 1 week. Loopring is an open protocol for building decentralized exchanges. The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity. The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish). It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed. Linear for clarity of the trend. Secondary trend
Long
by SpartaBTC
2
LRC, SONIC THE SEQUEL (LOOPRING) 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 creates a nice pullback opportunity to retrace the price down to .2 Here is the thing, on the 4h we have a favorable buy with RSI and a number of indicators. However, on almost every other chart, the buy signal is bullish but overvalued, meaning, things are coming to a conclusion from this runup. The question is, did we see the final impulse to the rejection trend and now we need to head down and confirm support or will we see another impulse up and over trend taking us right to .79 and it can easily melt up higher from there. A new chart would be needed should we start pushing higher targets, overextending trends and all that fun stuff. I think there is potential with the coin, but I also think Dogecoin is better as a long term hold, along with ETH and BTC. However, like I said, there are lots of great things to buy but also remember, we just say an over 100% gain in a short period of time, which is A LOT, but not always a lot for crypto due to how fast the market moves since covid. So what does all of the above mean? Be careful buying this coin because there is downside showing on multiple charts and we are topping out, however, be greedy because there will be up and down movement and chances to make money, exit at profit, limit losses... whatever your trading style is, follow that. Unless you just lose all the time, then try something different haha. Final Short term: BEARISH PROJECTION MID/SHORT TERM: BULLISH MID TERM: eh, idk, probably bearish LONG TERM: BEARISH until confirming some price targets on the top side (new) or low side (old) LONGEST TERM: IF GME, big. IF not, RIP.
COINBASE:LRCUSD
by nicktussing77
2
LOOPRING, Cuz if you like it, then ya shoulda put a RING on itLoopring 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. Something is definitely going on with crypto and the alts. Good luck!!
CRYPTO:LRCUSDLong
by nicktussing77
2
LRC LOOKS BULLISHThis analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section LRC Diametric seems to be complete. By maintaining the green range, it can move towards the targets. Closing a candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
4
The last bullish chance of LRC in Mid term!Hi. COINEX:LRCUSDT 😊Today, I want to analyze LRC for you in a WEEKLY time frame so that we can have a Mid-term view of LRC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️As you can see, LRC is completed this pattern, and if it follows this pattern Price can grow a lot. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. -LRC has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pattern is Visible on The chart! -AB=CD Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Will the descending wedge on LRC give +50% in the future?Hello everyone! Haven't heard from me in a while? 😁 Today, I suggest taking a closer look at Loopring #LRC. On the chart, a descending wedge pattern of technical analysis is forming. I think the asset is finding its bottom around the 0.236 Fibonacci level, and after that, it will break through the descending trend line of this pattern. Potentially, you can gain +50% profit by entering at the bottom. If entering after the breakout of the descending trend line, it depends on the circumstances, but in any case, the profit will be at least 40%. This is not financial advice; everything you do is at your own risk!
Long
by neverovv
LRCUSD 1W LONG📈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 order rings and combines off-chain order splitting with on-chain settlement. Loopring also offers high-performance non-custodial products such as the Loopring Wallet and Loopring L2 Web App. Timeframe 1 week. LRCUSD is in a descending channel and has approached important support. Fractal repetition of growth is possible. There is a high probability of further decline to the 0.1719 zone. Therefore, the safest entry would be at a breakout/retest of the channel. It is also possible to spot with additional gains and trade in the channel itself. Marked goals and levels on the chart.
BINANCE:LRCUSDLong
by KvazarBTC
3