LRC Range breakout ? LRC has been in range for pretty much the whole year between 1$ area and 20ct.
Today it seems that prices are going for a break of this range, the MACD in Daily and Weekly are supporting for this plans.
I would wait here to confirm the breakout with closure of daily candle and then wait for a consolidation with prices finding support of the 1$ area.
To me, in my opinion it is too late for buying here as entries were well bellow current prices. But the setup looks good and have some great potential with 1st higher target at 2$. Aggressive traders could take a long here to play the momentum.
If not already in the market we'll need some patience before going long, for the ones already in, enjoy the ride and don't sell for now if you have mid to long term plans.
Lrcusdt
Ode to the LRCIt's not quite 1993 yet and this dog looks hungry.
Possible breakout occuring and we could see a good upside in trade of a widening formation with a cup and handle.
LRCUSDT long* I was toying with this chart and teaching my 9yo daughter the relationship between chart patterns and market psychology yesterday. Unfortunately, I did not publish my idea prior to the pump. Well...
* This pump may be the result of Loopring releasing news relating to Layer-2 NFTs. More news to be released soon.
* Anyway, LRCUSDT has broken out of the ascending parallel channel, forming both a potential inverse H&S and a cup and handle. Confluence and the levels align very nicely with the fib levels.
* Those who bought in near the bottom of the ascending parallel channel can take profits now.
* Or do so upon completion of the confluent inverse H&S and cup and handle.
* I personally favour the latter approach.
* Of course, nuch depends on DXY (see linked idea).
LRC falling wedge breakoutThe price broke out of the formation and is currently consolidating on an important level (0.4066). Claiming this level should trigger more buying pressure.
-- NOTE: In general altcoins started to be more sensitive to bitcoins moves which means some sort of uncertainty came to the market --
TP: 0.4845 (~20%)
TP2: OPEN++
SL: 0.3765
LRCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
Currently, the price is fluctuating inside an ascending triangle and has broken the resistance ahead, and is fluctuating above the line.
If it can be fixed above the line, it can touch our target over time.
But if it can not move up and penetrate below our resistance line, we consider a fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
LRC > Time to bounce-back? > Support & ResistanceHello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of LRC.
According to my technical analysis, LRC is going to reach its next Resistance Zone(Potential target). Now, we are expecting a fall to support zone and a rise!
"My analysis is valid until We don't see a breakout from support zone"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
LRC LOOKS AUSPICIOUS LRC has managed to break above the descending trend line that is designated in black. POC aligns perfectly with the resistance zone, and I expect a retest of the trendline to confirm an upward movement. Volume has declined in a significant way. In order for LRC to scale higher, more liquidity must flow in. Resistance levels are designated in red and support levels in green.
A RETEST OF THE ORANGE AREA IS A BUY FOR MELRC looking really good, back inside the main range after deviating to 0.2$ area, clear sign of strength and an area that needs to hold.
A close above this grey area, and ATH will be next imo.
For position taking, I will be waiting for any retest of the lower range (orange box), thats a clear buy zone for me, and an area that needs to hold as support. Closing back below would be pretty bad.
Good luck!
LRC below a strong resistance zone#LRCUSDT
$LRC is below a strong resistance zone, but above a broken ascending resistance that confirmed it as support.
If you still hold it take some profit and keep eye on it , if break out the orange descending support line buy more.
and if break down the ascending support line take all profit.
first 50000 then 10.000$ or 100.000$i persist on 50000 in my believe btc will go to 48-50K resistance
everyone says that btc will come 20.000$
i seriously say that because people say this btc will not come 20.000 at this month or next month
whales and crypto mafias are buying from frightened people they spread 20.000$ idea to buy from you in the bottom
this is personal idea gathered from my 4 year experience
buy and be greedy when everyone are selling and sell wheb everyone are greedy this is the success key in the crypto
cheeeeerrrrsss
$LRC - Waking up from a long downtrend$LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
We have a nice break-out from long-term downtrend on LRCBTC chart.
We have also an Adam & Eve double bottom formation on LRCUSDT chart.
It's about to fly guys !