After briefly re-testing support, Loopring is blasting off to go intergalactic in cryptospace. This should be a juicy gain if all goes according to plan -- almost 40%. As always, keep a stop-loss in place and keep your eyes on the target. Patience is key to the big money swings in crpyto trading. I personally like to count Elliott waves -- the tops and bottoms -- and use a 13/48 EMA crossover strategy with a 12/26 MACD double-confirmation when navigating. Safe trading to all!
Comment:
Although it re-tested twice and then fell through previous resistance, upon closer observation we see a wave pattern along the diagonal channel. I would exit the trade if we go through the outer diagonal trend to the downside. Otherwise this trade is still viable I believe and I'm sticking with it for now :) Hope this helps
Comment:
Bitcoin's rising wedge caused many altcoins to dump. As soon as things stabilize I'll recalibrate the entries and targets if needed.
Order cancelled:
Support broken. I'll be revisiting LRC very soon!
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