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Loopringusdt

LRC: Approaching ResistanceLoopring (LRC) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern, was confirmed with a break above $0.30 key level to indicate bullish trend reversal. Price broke above $0.40 resistance to resume uptrend and reached our target $0.50. Now we wait for price to either 1) break above $0.50 to resume uptrend, or 2) pull back near $0.40 support for a swing entry in uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.40 (previous resistance), then $0.30. The nearest Resistance Zone is $0.50.
Long
by altFINS
1
Loopring LRC/USDTesting/Tracking Elliot waves. Please do not trade off idea without stop loss. This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest. If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you. On this chart it shows us that we've already gone through a -95% drop. This is normal in the crypto world. Most altcoins will go through a period where they drop -90-98%. With that being said -95% is already high up there so there's a possibility we may go a bit lower down, but that's a very small amount compared to the possible upside. If you hoover over to the today's price R/R you can see that from here you have a R/R ratio of 31.6 with the stop loss being underneath the Z wave drop. The Z wave drop is around a -97% drop from ATH. R/R ratio from today's price: 31.6 Possible upside: 1915% Possible downside: -60% R/R ratio from Z wave: 656 Possible upside: 4975% Possible downside: none. Personally I will not use a stop loss at all on either one. I would dollar cost average into both and if there's a slightest possibility for another drop from Z wave then I would buy more too. Do not go all in, especially if you're using leverage, a -60% drop is still big. Better to play it safe than sorry. If you go all in and you can't buy more when Z wave hits, you're out of luck. From the Z wave I would consider adding a lot more (if we ever get it). This is not financial advice. Chart timeframe is on the weekly. Expected timeline for this to play out is roughly within 2 years for the wave 3 top.
by AyoKu
4
LRC/USDT: On key support waiting for bullish reversal---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- LRC/USDT: On key support waiting for bullish reversal Context - The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets LRC (Layer 2) suffered about negative global market situation - LRC is expected to show some bullish pre-signal soon (looking at 50% area on RSI or divergence) Market configuration - Graphical Elements : Graphical Resistance = 0,7220 & 430 Graphical Support = 0,0710 - Mathematical Indicators: EMA ( Exp Moving averages) are still capping the market at 0,7220 = Bearish RSI indicator (below) is below trend line and 50%, bouncing off key support but no divergence = Bearish/Neutral - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target C (B) is set at = 0,3260 Fibonacci resistance of the wave in progress = 0,7220 Fibonacci support of the wave C (B)(max extension) = 0,23 Fibonacci Bullish Target = 1,1220 Conclusion Preferred case => Regarding the mid-term element, LRC is expecting to do a bullish reversal from the area we are now. However the lack of bullish element from mathematical indicator is still showing a potential last downleg risk to max 0,23 before going up to 0;7220 and 1,1260 Alternative cases => Breaking 0,23 a significant drop will open the door towards close 0,0710 = crash
Long
by JeanJean1983
LoopRing predictions (LRC), BTC back through 45k (for now) !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 resistance trend. Let's hope for a breakout. Definitely ~T1.15 or so would be a position I myself would be in currently if it wasn't for me getting stuck in IOST at a T0.0497 position (I hate my life 😅) I still believe IOST is going to be at like ten cents by next week, though. Happppppyyy candles. C'mon happy green candles, today. ♠️🤫🐿
Long
by FutureAmericanExpat
LRC be very careful here...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 one as 'short' but personally sticking more towards the neutral side of things. NOT long.
Short
by FutureAmericanExpat
1
LRC LoopRing breakout but don't chaseLittle bit of an accountability video from me. I believe I posted here yesterday, my elliot wave prediction for LRC. I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot. I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending triangle breakout. In this video I also share about how important it is to locate, chart, and follow your positive and negative trend/channel convergences. Watch till the end to get a little advice on using the strength index. PATTERNS , baby.
Short
by FutureAmericanExpat