On daily chart, Loopring is still accumulating. We have a target of the final wave at 12.5 and invalidation level at 0.6, of course. We have a complete wave A at 0.63 in the correction wave ABC. Wave B is happening, seem it's not finish. What next, wait and see
Just take a look at the white level in the chart... BINANCE:LRCUSDT
$LRC broke through the support level. Bearish movement to support level 0,68$ is likely to happen.
on the LRCUSDT chart, a pattern of Head and Shoulders is formed and the neckline of the pattern is broken, the price is retracing and in case of retest ( pullback ) to the Neckline or Downtrend can made short position for the target specified on the chart. I hope it will be profitable for you ❤️ Please support our activity with your likes 👍 and comments 📝
As you can see a strong treadline has formed on the daily for Loopring dating back to March 15th. This treadline is respected at the time. But, if daddy bitty decides to dump more this treadline will probably be invalidated. The line in the sand for LRC is $1.00 - $1.04. It can even wick down to $0.96 as long as it doesn't close at that level. Closing under $1.00...
The 50MA seems to be imperative in prices evolution on this weekly chart, price has recently touched it and been bullishly rejected The orange trendline is dominant and seems to be hodling strong All MA's are spread this is the best state for likely continuation
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...
LRC as a strong monthly liquidity zone. LRC is approaching an test on its previous reversal zone. If there is a bounce on this level, expect LRC to have a continuation on a leg up. If price action does not hold this reversal zone, expect the fake out and break down under of price action.
Bitcoin and the institutional 🐳s that provide the astronomic buys and sells to -in essence- move the BTC market as they see fit, -well they've decided they weren't having it, and decided to bail out on all us party people. Hey, it happens a couple times a month, even more so now over these last several weeks of geo-political turmoil and uncertainty. Wait it out. ♠️🤫🐿
🌀 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...
As the title states, LRC has had two jumps with one to go. Great little bull-run on EDT wake-up. The "West... is the best- baby", as Jim Morrison so ominously put it. However it ain't so good for a trader 🙄. Red vs. Green day. Let's go.
StopLoss: 1.25💲 Target: 0.97💲 Risk/Reward Ratio = 3
An ascending broadening wedge these tend to break down bearishly after three pushes upwards 0.5 is a candidate for a breakdown point
Loopring LRC with room to grow - addresses in profit Putting on-chain data by @intotheblock on the daily chart we see enough room to grow for LRC according to the last sell-off situation end of November 2021. Currently 67.31% are in profit - end November 85.48% have been in profit as taking profit started. Tell me if you like these charts - will analyse more...
Let's get ready for the after-party. I'll meet you all up... phew. --there. 🚀 Classic LoopRing cup-and-handle. This historically tends to be the way that LRC tends moves to test new highs.
Two new channels popped born from my original blue dotted positive trend line --that i thought LRC was going to cross violently, and then go down. However now, if we can continue on the top of this trend line and not enter either of the new channels at alll even better
We are directly at the apex of this triangle. If we move back up to test resistance, I don't believe we will push through (notice the descending stick values of the 3 times that we've already tested this. Wait until the weekly pivot of about T1.05 --that would be what I'd do. We should expect to see another jump up from there, but all-in-all I am labeling this...