LRCUSDT trade ideas
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 (LRC) has to decide - support on RSILoopring has to decide - support on RSI
Further support by MA Ribbon and green price trendline channel since summer 2021.
Current low volume at consolidation compared to high volume during bull run looks healthy 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
🔥 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!
ALTCOIN GEM 1!Hello my friends,
I decide to post some of my Altcoins Gems that i expect them to outperform till Q1 of 2022.
I am starting with LRC.
LRC is now in process to form a huge Cup and handle pattern.
I am expecting it to complete this pattern at around $2,30 - 2.50 area before will start the upside
momentum.
My target for LRC for Q1 is between $5,00 - $5,50.
Your comments are appreciated.
Have a nice day and Good Luck With your choices.