ForecastCity
Long

There is a possibility for the beginning of an uptrend in LRCBTC

BINANCE:LRCBTC   Loopring / Bitcoin
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
Price is in the support zone (0.00001110 to 0.00000920), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.00001110)
Ending of entry zone (0.00000920)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.00001310
TP2= @ 0.00001630
TP3= @ 0.00001900
TP4= @ 0.00002310
TP5= @ 0.00002760
TP6= @ 0.00003370
TP7= @ 0.00004900
TP8= @ 0.00006120
TP9= @ 0.00007350
TP10= @ 0.00009100
TP11= @ 0.00011320
TP12= @ 0.00015400
TP13= Free

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