Loopring Blasting Off to 38% Gains

After briefly re-testing support, Loopring is blasting off to go intergalactic in cryptospace. This should be a juicy gain if all goes according to plan -- almost 40%. As always, keep a stop-loss in place and keep your eyes on the target. Patience is key to the big money swings in crpyto trading. I personally like to count Elliott waves -- the tops and bottoms -- and use a 13/48 EMA crossover strategy with a 12/26 MACD double-confirmation when navigating. Safe trading to all!

Note

Although it re-tested twice and then fell through previous resistance, upon closer observation we see a wave pattern along the diagonal channel. I would exit the trade if we go through the outer diagonal trend to the downside. Otherwise this trade is still viable I believe and I'm sticking with it for now :) Hope this helps

Note

Bitcoin's rising wedge caused many altcoins to dump. As soon as things stabilize I'll recalibrate the entries and targets if needed.

Order cancelled

Support broken. I'll be revisiting LRC very soon!

jalapablo

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jalapablo

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