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DrDovetail

Loopring breaking up from descending channel target = 57.5 cents

Loopring (COINBASE:LRCUSD)  
DrDovetail Updated   
COINBASE:LRCUSD   Loopring
Trend Analysis Chart Patterns lrcusd loopring LRC weeklychart Descending Channel bullishbreakout 200ma 1wk 200wma
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trendanalysis chartpattern lrcusd loopring lrc weeklychart descendingchannel bullishbreakout 200ma 1wk 200wma
Definitey looks like it’s validating the breakout here after 2 previous attempts that ended up going back inside the channel. 3rd time here is likely the charm but it needs to overcome the resitance of the weekly 200ma (in blue) first before it can hit the full target. *not financial advice*
Comment:
Loopring has currently sent a wick ever so slightly just below the measured move target. As long as this isn’t the beginning of a larger correction in bitcoin, it should still hit its full target sooner rather than later however since the wick came within half a pip of the full target too many they would already consider this as target hit.
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