Testing/Tracking Elliot waves. Please do not trade off idea without stop loss.
This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest.
If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you.
On this chart it shows us...
LRC would have had a nice little run yesterday if it wasn't for BTC leaving the party.
Even so, definitely some great signals for LoopRing. Still bullish in the fact that LRC has had a resistance/support flip right around the ~T1.15 mark (blue dashed line)
Triangle now forming within what was once, a nice positive trend for ol' LoopRing, and is now a super mopey...
🌀 LoopRing cup and handle is forming! ☕️
I wouldn't be snoozin' in the next several hours here 💤 because we could see a big ol' jump .
LRC seems to always move in these very violent strikes, hitting the pivot several times (forming a cup and handle).
Other tokens featured in this video are:
Algorand (ALGO
Zilliqa (ZIL)
Jasmy (JASMY)
🤫🐿♠️
LoopRing (LRC) is simply doing what LoopRing does.
LRC is a token that always seems to move in cup-and-handle chart formations.
🔹 We get a huge upswing,
🔹 We crash down,
🔶 We rebuild in violent strikes toward the the resistance point.
🔶 Two times... Three times... no dice.
🔶 By the 4th and 5th strike...
💠 We've now formed a LoopRing cup and handle, and...
- Price is on the cusp of a breakout
- Will retest ATH
- Retest support
- GME earnings report is Dec 8th (any mention of LRC could lead to a parabolic push to 1.6 Fib level of $8)
- Retest of support and 1.0 Fib
