LRCUSDT.P trade ideas
LRC Update / Consolidation @ 3.26 and movement soonAs you can see in the chart a consolidation has formed around 3.26(white line) while still being in an up trend shown by the purple line that also acts as support. I'm certain that if it closes bellow the purple line we will start seeing some downtrend. To where? I don't know, but If that happens I believe the next consolidation will be around 2.83(red line).
Volume is also having a downtrend as people are waiting for something to happen. You can also see clearly the wave patterns oscillating around the 3.26 consolidation slowly fading to a flat line almost.
We should be seeing some movement soon. Not certain where it will go but overall I'm still bullish on it.
Be careful lrc may retouch 1.5 levelAfter up we may see some high sell of lrc was one of the best gems some days earlier but it's over anymore lrc is a great project and has great fundamentals but after reaching to new ath it must retest 1.5 area so be careful and manage your stop losses.
Happy trading.
LRC USDT Note: First of all, candle closings in the upper box invalidate everything I wrote below and show that this analysis is wrong. If this box is not entered or this box is not passed, my thoughts below are valid.
Analysis;
Fibonacci measurement at 4H may suggest that this is an elliot wave. But I don't think it's the elliot wave.
1st wavelength is too long
2. sellers consolidated too much
3 indicator values seem too high to me.
Fan intersections marked as circles on the graph should work as supports.
Check the rsi when the price comes to each circle area. If the rsi in 4H still has not fallen below 35 or if the rsi has not fallen below 60 in the daily time frame, it is possible that the decline will continue.
A good trade is the one in the last circle.
Note: This is not Investment advice.
LRC/USDT .... what if?...BINANCE:LRCUSDT
It looks like a symmetrical triangle, or a flag, for example.
The symmetrical triangle is generally considered a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the previous trend.
This pattern is formed as a result of the convergence of two lines: downtrend resistance and upward support - both trend lines, when formed, should slope and converge at a point known as a top.
LRC Pump and DumpMy experience says that this looks like a pump and dump. I personally just sold another part of my LRC. Hope to buy it back between 0.5 USD and 1 USD. It is on All Time High related with ETH, much higher ATH vs BTC. I point out the sport to buy at 28 cents. We are now more than 10x profit (time to sell not to buy). I don't care if it goes much higher than this. There are other cheaper projects right now.
LRCUSDT 1H. Time To Sell ⏱️ Loopring, LRC has been on a massive up-move for days. It did over 300% .
But all good stuffs must come to an end.
It peaked out on the 4H chart at near $3.90 . Where I took my profit, because I saw the perfect indicator. After this I tweeted how it needs to cool off yesterday.
This is 1H chart, Double-Top formed already.
Failed to make Higher-High after previous bounce at 0.5 Fibonacci.
MA 10 is already broken twice on 1H.
RSI bearish divergence in progress
These are the signs, time to cool off for LRC . Time to take profit if you haven't already
Various support shown on the chart , support previously tested and the one yet to be tested.
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PS : Tell me any Token you want me to do analysis on. I'd consider it.
LRC is forming CUP & Handle Go 4.5LRC chart is so clear , i think it is going to form cup & handle patern. The price could move to 4.5 i think or above.
Please make your own choice...
It is idea ... what do you think please comment below
wave 3hi
I think we are in wave 3 so maybe we will see the price test the channel again and continue to wave 5
Loopring forming cup and handle...Newbie here sharing my analysis. Correct me if Im wrong. This is my just my bias.
Loop New to this but i like it ,it looks good
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LRC over bought, triple top in short timeframeLRC pumped from 1$ to 3.85$ in 4-5 days. but its time for check support before new ATH's
note that LRC got so much USD volume flow which is great until music stopped.
If history repeats.If history repeats itself , then consolidation and retrace to support levels might start now.
One of Warren Buffett's most famous investment sayings is “Be fearful when others are greedy. Be greedy when others are fearful.”
LRC key levels to keep an eye on on shorter time frameLRC has made massive move in past few days so levels we are looking for correction are mentioned in the chart. If it holds on these levels it may make more up moves from these key levels. these levels are to be looked for shorter time frame
key levels are:
3.05
2.54
2.10
1.70
Loopring(LRC) Triangle Pattern Ready for Breakout Hello. Loopring(LRC) which has been consolidating over the past few days in a symmetrical triangle pattern. But the time is coming for LRC to finally move again. In my technical analysis LRC may go upwards.
Prior to the triangle pattern, LRC skyrocketed from a mere .40 to a high of 1.71. After the skyrocket LRC remained silent for a while with low volume. This means an incoming move is happening soon.
There is also a mini consolidation, marked with a purple dashed trendline. Price already broke out of it, which is bullish.
The RSI also formed its own pattern, with an early upside breakout compared to the price which may mean that price is breaking out to the upside soon.
The 9 and 20 EMAs should hold if the bullish breakout is to be strong. Right now, they act as a support.
In my opinion, I would consider the breakout to be taking place if the 0.5 Fib is broken. After that we might see a rally to the 1.618 Fib.
What do you think about Loopring(LRC)? Tell me in the comments!
Thank you for reading! Constructive feedback is appreciated!
LOOPRING/USD (Weekly Analysis 11/09/21)Stay Pippin' & Winnin' Family :)
**Remember 3 stops = Take a break and start over the next day
Trade and Invest with a wise mind :)
Lrc is in the moonAs I told u before Lrc was ready to make a move and it did, now it might hit 3.24, u can Go SHORT from there
LRCUSDT 1DLrc seems to be completing its Ending broadening triangle with the wave 5 coming close to its important fibonacci and trendline resistances as given in the chart , can take some short positions there
