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)
🤫🐿♠️
Little bit of an accountability video from me.
I believe I posted here yesterday, my elliot wave prediction for LRC.
I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot.
I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending...
LRC has had an incredible run since the gamestop announcement!
However whith any run that banks ~50% in less than 6 hours... you're gonna get a correction.
We're within a downward elliot wave cycle with E/1 landing at just about a dollar, once LRC tanks and goes below 0.99 or so
We will than see a rise back up but will, in my opnion, stay within the downward...
