Loopring (LRCBTC) has grown by 105%+ in the past two days/candles... Massive if you ask me.
We had similar action back in November that ended up being just a fake bounce, this is marked in yellow.
When we look back at November, we only have one day with good/strong volume and the RSI was really low.
Looking at the present time, we have a very strong volume yesterday and today with a very strong RSI right away... But there is more.
Back in November LRCBTC closed below EMA50. Present prices are moving ahead and going to challenge EMA100... Multiple signals are showing this move to be much stronger... Additional growth can follow next.
Thanks a lot for reading. This is not financial advice.
Namaste.
P.S. This chart can be traded but we do not trade here... We do not trade when the action is already on-going.
We look for the altcoins/pairs that are trading around support and BEFORE the breakout, wait patiently and collect maximum profits.
When the action is already underway, this increases the risk and makes it hard to trade.
Everybody has their own system, of course, just make sure to build a plan before you trade.
Starting to form a nice upward trend... Lets see if if it can keep up the momentum!
ThoughtfulHedon
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Any updates?
tongercore
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There is a retrace occurring to level 0.00001102 (at time of writing this comment) Is this a nice dip to enter again or does it dip even further than this?
NaMoTa
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Great analyses. What do you think now, will this go up today?
dean_rcg
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Thanks, spot on analysis, feeling pretty good today!
mrcryptocraffrey
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Great analysis. I did invest in this a day ago after reading around a bit, then found your analysis to confirm my thoughts, has grown 60+% since then and seems strong so far..
FindTheSun
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Spot on as always! The thing increased another 33% overnight, making it almost 300% over last 3 days 👏🏻
ABoteroL
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according to your P.S. it is not good to enter this trade
crypticfenian
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@gaboterolddc7905864144e19 it's not saying it's not good. it states that it's riskier and less profitable than waiting till an opportunity is identified at breakout stage