LRC
LRC rejectedIf no announcement comes this week we can see a slow bleed for the next 4 weeks.
Down to base of flag, 1.60 areas where to the last dump wick reached. This will maych the weekly me and the gamestop quarterly report at the end of january ( or their possible timeframe for announcement ).
Wait and see plus, Accumulate.
LRC : Bulls are coming? LRC looking Bullish since it already got rejected twice at a current 50 Daily EMA. On H1 chart the price consolidates around Daily Mid BB (2.2690).
Chart Pattern : Bullish Flag
The price need to close above 2.2690 to continue it bullish momentum targeting 2.4000.
If the bulls is strong ,the next destination is around 2.7235.
If the Bulls fails to close above 2.2690. Bears will take control targeting the 50 Daily EMA which also at H1 50% Fib Retracement level at 2.1520.
This is just my analysis and opinion.
Wish you have a nice day. Hope this would help.
LRCUSDT | Getting Ready for Another Bullish Wave..!!
#LRCUSDT (Update)
Forming Falling Wedge Pattern in Daily timeframe Chart..
Getting Ready for Another Bullish Wave so Don't miss the Ride..!!
In case of Upside Breakout, Midterm Target Would be ~4$
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
$LRC, closed a 30%+ daily bar after a td9 matching ~4k sats area$LRC
closed a 30%+ daily bar after a td9 matching ~4k sats area (support)
hard to know if it will have enough traction to restart/reclaim higher levels but I remain long on this one from October end (~450% so far)
Let it run a little longer prior executing any decisions
#LRC
LRC ForecastHi,
LRC has formed the descending triangle.
support area is marked in purple.
RSI is moving down to bottom area. price movement may move to sideways or go down to retest the support area.
Volume is keep getting low
MFI is moving downwards
future targets have been marked
ROI is good.
Good luck
signalsforecasts
These red GME days are giving me reverse confirmation biasI consider GME to be the strongest buy right now, especially given the amount of selling pressure seen in the last month.
Why would a big player attack a stock so violently? I don't know. It must be the case, though, unless retail suddenly -collectively- just decided to pack up their things and leave right before Gamestop and Loopring's partnership is announced. Hmm. :thinking_face:
Moreover, why would ANYONE sell the next viable, up-and-coming competitor to amazon? Sure GME might be overvalued if they had just KEPT THE EXACT SAME BUSINESS MODEL FROM 2020, but they are evolving and expanding rapidly.
Don't take my word for it. Go and see all the strides they've ALREADY made. They're not touting that they're going to be the next e-commerce giant; they're just doing it. Not to mention the rumored NFT marketplace, which would be nothing short of groundbreaking. All you have to do is take your head out of the sand.
LRC/USDT Loopring is showing a lot of strength despite the current situation on the market. I may be wrong but we can observe a ascending broadening wedge, it still needs to be completed but for now in my opinion it looks like it.
I will be waiting for confirmation, if I observe that I will make an update to this analys.
It is not a financial adbice, I'm just sharing my personal opinion.
🔥 Loopring Bullish Channel: Reversal Soon?Since the massive drop last week, LRC has seen quite the bullish reversal, gaining over 80% in the process.
However, the price seems to be in a free-fall since hitting the top of the channel. I'm looking at the channel's support area for a potential entry. Be aware that if BTC will remain bearish for the remained of the day we might fall straight through this channel. Overall market sentiment is key.
Happy trading!