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ShanghaiCrypto

Loop Ring Coin Eying Support

Long
Loopring (BINANCE:LRCUSD)  
ShanghaiCrypto Updated   
BINANCE:LRCUSD   Loopring
Technical Indicators Cryptocurrency
2
0
indicator cryptocurrency
LPC had a big move up. Will be watching for a bounce off of this moving average.
Comment:
Hasn't closed below the 50 day EMA, yet. Stochastic looking oversold. We still need green candles for confirmation. This setup will be invalid if:

We close under the 50 EMA.
We get a bearish 9/18 EMA cross.
Stochastic drifts sideways.

All of which is fancy talk for "negative price action"
Comment:
Looks like it decided to ride the 50 day EMA sideways.
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