$LRC retracement reached ~1365sats level (.236 fib) after the 100%+ run from Jan.
Currently trying to break from a descending channel and cross over EMA50/100.Volume is still MIA while RSI & MACD are slighty turning to the bullish side...
Wait for now till better confirmation #LRC
Hi Traders!
Today we have another interesting idea for you to share.
One of our followers also asked us to prepare such an analysis.
So here is it comes.
Technical analysis details :
• Since a couple of months, we can observe higher volumes
It means one thing – accumulation .
• We are very close to the lowest levels in history
This...
Crypto charts are flooding with parabolic action at the moment. Full market cycles are happening at time price momentum I personally haven't seen in a long time. A parabolic advance is essentially four consecutive advances with a base followed by a blow off top.
Due to the speed of the move, the smart money play is actually to short the blow off top rather than...
Seems legit, let's try to exploit it. Entry on pullback at 0.618 Fib level of last rise with somehow big stop loss, which can be adjusted, if things will go by plan.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Edit: I moved position 3 candles to the left, didn't pay attention before I published the idea.
Local rising trend, price rebounced
from MA 100,200 many times. Now
formed traingle pattern which was
broken but come back. There is volumes,
need consolidating near this lvls or
next breakthrough for confirmation.
Risk/Reward = 2,41
Do not forgrt about SL!
Potential rounding bottom and ascending triangle is forming. EMA 200 on 4H serves as the horizontal resistance of the triangle. Possible reversal of trend if the triangle pattern completes breakout.
LRCBTC is approaching a critical level on the daily time frame. Either it will bounce off this price point or continue to drop further. We see an opportunity for a low-risk/high-reward trade with a tight stop-loss.
Targets are:
Buy: 0.00003150 - 0.00003250
Target 1: 0.00003967
Target 2: 0.00004607
Target 3: 0.00005403
Target 4: 0.00007057
Stoploss: Close...
Excuse me for posting it kind of late. So after a long downtred you see that the trend is moving sideways. Normally I would say that the trend will go down afterwards, but this time we see something different.
Now we see that the last candlestick (12:00) ended up in a hammer, with high volume. Also you see that this is our second test of the uptrend and our...
LRC is sitting in a strong support zone at the moment. It is also in the golden pocket between the .618 and .786 FIBs from the previous run up. If it breaks out of the ascending triangle and clearly above the upper red line, this may signal a reversal. ALSO, they are airdropping $LRN beginning July 5th. If a major exchange announces support, this could rocket price IMO.
Hello hello! Please take a moment to read the description on my profile. Ensenada, Mexico needs our help! Anywho, LRC appears to be possibly bouncing off a strong support here and moving within a very slightly descending channel. I see it as a fairly easy 8-10% trading within the triangle and below/at the 200 day EMA. This support line had strong bounces all the...
