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LRC

LRC retesting!Look like small bull flag printing, at the same time retesting the previous resistance zone. 30m chart looks bullish, 1 and 2H could turn up also. Anyway, the safest is to behave like its just a scalp trade, that will do no harm. SL is A MUST. BTC bulls are not so happy since it printed lower high on 1H chart, I recommend watching BTC PA if in any trade... This is just an update of the previous chart, the link is below. Good luck traders and if you would like to help me just smash that thumbs up button. Thanks
Long
by PhilosophersStone
4
Loopring LRC with room to grow - addresses in profitLoopring LRC with room to grow - addresses in profit Putting on-chain data by @intotheblock on the daily chart we see enough room to grow for LRC according to the last sell-off situation end of November 2021. Currently 67.31% are in profit - end November 85.48% have been in profit as taking profit started. Tell me if you like these charts - will analyse more Crypto for you. Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BINANCE:LRCUSDLong
by Crypto4Everybody
1
LRC be very careful here...We are directly at the apex of this triangle. If we move back up to test resistance, I don't believe we will push through (notice the descending stick values of the 3 times that we've already tested this. Wait until the weekly pivot of about T1.05 --that would be what I'd do. We should expect to see another jump up from there, but all-in-all I am labeling this one as 'short' but personally sticking more towards the neutral side of things. NOT long.
Short
by FutureAmericanExpat
1
A continuation of my ideaContinuing my LRC idea - waiting for more confirmations of trend movement, but It is starting to look good although a little underwhelmed at the response of the recent news. Volume needs to pick up considerably for us to break the next few upcoming areas, but with all the information coming in we really see it pushing sideways for months as an accumulation phase begins. To reiterate what we said in our previous posts - we are still looking to remain under 2 dollars until August. People say TA doesn't work but that's only because they don't understand what they're doing. It is achievable for the regular person to turn 5k into 100k with, of course, some ups and downs. This chart here is a very basic look dumbed down to show a new person what they're looking at and to give me clarity when I come back to look at it like speaking ideas out loud. TA is much more involved and complicated than just this chart with 3 indicators. It took me 4 years to really understand and get my emotions under check.
Long
by Bobron
6
LRC LoopRing breakout but don't chaseLittle bit of an accountability video from me. I believe I posted here yesterday, my elliot wave prediction for LRC. I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot. I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending triangle breakout. In this video I also share about how important it is to locate, chart, and follow your positive and negative trend/channel convergences. Watch till the end to get a little advice on using the strength index. PATTERNS , baby.
Short
by FutureAmericanExpat
Loopring x Gamestop!The Loopring x Gamestop announcement is finally here and official. - link to tweet: twitter.com - link to GameStop Marketplace Beta: nft.gamestop.com Macro: Loopring continues an overall large uptrend when looking at weekly candles. With a market cap of ≈ $1.3 Billion, Loopring has a lot of room for big gains. Short Term Chart: Loopring has been rejected twice by its 200 day moving average in the past 2 months. Correlating with Gamestop's pump, Loopring has shot up (to its recent top) over 80%. As long as GME & BTC stay in good shape (which they both are!) - I think we can see LRC push past the 200D to higher evaluations.
COINBASE:LRCUSDLong
by mascher7675
1
LRCUSD heating up! $8.00 on sight!Loopring (LRCUSD) has seen the strongest rise of the top 100 market cap coins in the past 24hours and is currently testing not only the 1D MA100 (green trend-line), which has been intact since January 08, but also the horizontal Resistance that is holding since January 20. I've posted the very same LRC chart about two months ago and seems to be coming to fruition: The last time a similar Resistance level was tested, was during the previous Accumulation Phase of November - December 2020. Once the Resistance broke (accompanied by a 1D MA50/100 Bullish Cross), LRCUSD had a very aggressive two-day rally and entered a strong 1.5 month bullish stretch. Even the 1D RSI sequences of today and then seem fairly similar. Technically, if the price breaks those two Resistance levels, and since LRC has been trading within a Fibonacci Channel since early 2020 that has been making each High on the higher Fibonacci extension level, then the natural long-term target would be the 2.5 Fib ext. However we often see a tendency to face Resistance on the previous Higher Highs trend-line and that currently is the Fib 2.0 ext. We thus view the $8.00 - $10.00 range as a realistic long-term target zone. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:LRCUSDLong
by TradingShot
7