LRCUSDT 1WLRC ~ 1W Analysis
#LRC If you still have a Conviction on this coin. Maybe you can consider this support to start buying back from here with a minimum target of 20%+.
Lrcusdsignals
LRCUSDT 1WLRC ~ 1W
#LRC If you still have Conviction on this coin,. Don't miss this trade, Buy and take profit of at least 20%+
LRCUSDT 1WLRC ~ 1W
#LRC If you still have Conviction on this coin,. This support block will be a very good buying spot for now, Buy it gradually with a target of at least 20%++
LRCUSDT 1WLRC ~ 1W
#LRC If you still have Conviction on this coin. buy in stages from here. With a minimum target of 20%+. It is only a matter of time until this resistance line is broken. and bullish will dominate
LRC / LRCUSDTGood Luck >>
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(I am not sharing financial or investment advice, you should do your own research for your money.)
LRCUSD heating up! $8.00 on sight!Loopring (LRCUSD) has seen the strongest rise of the top 100 market cap coins in the past 24hours and is currently testing not only the 1D MA100 (green trend-line), which has been intact since January 08, but also the horizontal Resistance that is holding since January 20.
I've posted the very same LRC chart about two months ago and seems to be coming to fruition:
The last time a similar Resistance level was tested, was during the previous Accumulation Phase of November - December 2020. Once the Resistance broke (accompanied by a 1D MA50/100 Bullish Cross), LRCUSD had a very aggressive two-day rally and entered a strong 1.5 month bullish stretch. Even the 1D RSI sequences of today and then seem fairly similar.
Technically, if the price breaks those two Resistance levels, and since LRC has been trading within a Fibonacci Channel since early 2020 that has been making each High on the higher Fibonacci extension level, then the natural long-term target would be the 2.5 Fib ext. However we often see a tendency to face Resistance on the previous Higher Highs trend-line and that currently is the Fib 2.0 ext. We thus view the $8.00 - $10.00 range as a realistic long-term target zone.
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LRCUSDT H4 LRCUSDT H4 harmonic formation expectation, I predict it to reach 1.55 first, I predict it will fall to 1.10 after 1.55 level. I wish you good luck. The investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided individually, taking into account the risk and return preferences of the individuals. The content, comments and recommendations contained herein are of a general nature, which are not in any way directive. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.
LRCUSD Strong support and recurring bullish pattern.Loopring is having one of the strongest rebounds currently after the weekly sell-off. Technically it remains within a long-term bullish Fibonacci Channel since the March 2020 COVID crash and every test of the Channel's Support has led to a Higher High on the next Fibonacci extension level.
This week also formed a Bearish Cross between the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). Even though that is technically a bearish formation, last time that took place, while the price hit a Diverging Higher Lows trend-line (dashed lines), LRCUSD rebounded to a Higher High.
With the 1D RSI historically oversold (last time it was that low was on November 21 2019), I am expecting a very strong 3 month rally at least towards the Fibonacci 2.0 extension level, potentially even Fib 2.5 as a Higher High of the Channel.
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