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LRC

LOOPRING, Massive BULL-FLAG Forming, How It Completes!Hello Cryptocurrency Community, Welcome to this altcoin-trading-analysis about LRC (Loopring), we are looking at the 4-hour timeframe perspective. As when looking at my chart we can watch there how Loopring is forming a very interesting structure here as it previously increased with bullish volatility and shot to the upside increasing with volume and spread. Now as Loopring firstly pulled back it moved on to initiate this main formation in the structure which can be considered as a descending-channel-formation. Within this descending-channel-formation Loopring has a coherent wave-count with the waves A to D almost already completed. Now as Loopring moved on with the wave-count we can see the wave E is forming now within this whole structure and already begun to develop the wave A and B in the local structure of this major wave E. Once the wave-B has been completed which will happen when Loopring finalizes this local bear-flag Loopring will move on further with the wave-E and complete the whole wave-count within the confirmational-bounce-support marked in my chart where several supports coming together. When Loopring manages to bounce within the support and move on bullishly to finally close above the upper-boundary this will complete the whole descending-channel as a bull-flag and it will be the origin for further continuations to the upside for Loopring, in this case, there are some great potentials given, it will be an interesting development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
27
LRCBTC LONG. Target: 14k sats 4H MACD crossover on the way. Moreover, fractal pattern indicates next move up. Last bullish move: 1700 sats --> 5800 (x3.5) If multiplier applies in next move up: 4100 sats (support) *3.5 ~ 14k sats target. This would increase LRC in USDT value up ABOVE $10. LRC does not follow classical crypto dumping patterns. GME investors are programmed to HODL. Dips are relatively small. Moreover, Grayscale is contemplating to invest in Loopring. Include the NFT announcement that WILL take place in Q4. LRC is primed to make big big big moves. In addition, only 3 percent of the supply is left out of circulation. This will cause a large supply shock. Everything indicates a very bullish setup.
Long
by breinbanaan
Loopring - The Tidal Wave is coming $LRC I think this chart is insanely bullish and i didnt regret the load up after the 2 Days - Correction & 3 Days -Correction. I dont think this Trend is slowing down, i rather think this Trend is climbing exponential. Im long on $LRC & ye you guessed it also on $GME so maybe a little biased. After looking at the technology that $LRC will provide and using their Smartwallet, i can tell for sure, this is just the beginning. But who am I? You like my Crayons? u/whocaresfucku on Reddit did an awesome job by keeping it simple and easy to comprehend, definitly worth checking out. $LRC $GME
Long
by anonloopringeth
1