if you spend some time in the charts you will see this makes sense
lets see how strong lrc against btc price action! we have done a good job holding supports so far!
L2s are all a sham anyways, this and MATIC are about to tank this not as far as matic but still should see the .11 area
Bullish megaphone pattern with nice consolidation. would like to see break of trend (red) and test, then up and another consolidation before it runs again.
On daily chart COINBASE:LRCUSD has reach to golden ratio of correction wave at 0.32 Wave C = 1.382 Wave A However, wave C's not done. It can be down to 0.18 to complete the impulse wave with golden ratio at 0.32 (the lower third wave). 0.18 which is the invalidation of higher impulse wave, it's also a strong support for long-term. Time will tell
Yes, the bear market can continue indefinitely, but in absence of the broader market context, this setup looks unbelievable.
Loopring proceeds to rise to 1.618, then retreats, rises to 2.618, retreats, rises to 3.618. Will this pattern continue for the next outer ring 4.618
On weekly chart BINANCE:LRCUSD has been coming back to important trendline with support 0.2 By DCA (dollar cost averaging) to collect it. What next, wait and see
I was bullish on LRC for a long time, but this movement is just stupid. New investors don't understand the tokenomics of LRC. You can use the Loopring wallet and application without really owning LRC. Rollups are good technology, but very few traders actually use the platform right now. Gamestop memes can't win forever. Sell the news.
In a blink of an eye, assets like loopring can skyrocket. - at the same time they can go down just as fast, if not faster. lets see if loopring can hold it's macro trend line of support.
• I maintain my position that I have not seen any price action that would suggest LRCUSD establishing a new ATH. • That being said, LRCUSD is indeed reaching rather attractive levels to consider DCAing in. • Though LRCUSD might start dumping further, daily RSI is nearing record lows. • Strategy A. Long if LRCUSD breaks above the parallel channel and closes 2 daily...
has a bullish look in the long term, especially with the upcoming deal with GME. For the short term and leveraged players, 0.78 and 0.65 are the levels to watch for as well as the other lines drawn
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
Impulse Redux... can it breakthrough and continue the bullish trend? "Far away Across the field Tolling on the iron bell Calls the faithful to their knees To hear the softly spoken magic spell" – David Jon Gilmour / Nicholas Berkeley Mason / George Roger Waters / Richard William Wright
On 1H TF Loopring has completed a impulse wave at 1.03 After that, COINBASE:LRCUSD pulled back to 0.89 Right now, LRC has reached 1.2 to complete the third wave. Besides, it's a invalidation level below 0.88 Wait and see
With minimal costs and fast speeds, LRC competes in the L2 space as a better version of ETH. GameStop intends to - and is rolling out - their NFT marketplace using Looping which competes for the 39B NFT pie. The AMM Liquidity pools on loopring.io offer .2% trading fee for liquidity providers on all swaps, totaling to around ~17% APR. This is really good for people...
If this Weekly Level can hold and we get Follow Through Price Action then the level of the 1.13 Fibonacci Extension up at $4.35 would be our next Harmonic Target.