#Crypto #Cryptotrade #Cryptosignals #Cryptotrading #LoopringUSDTLoopringUSDT chart after consolidating at bottom showing a breaout
Also Rounding bottom formation at base & after small breakout again consolidating in small range from last 4-5days
Positionally looks good above 1.232 levels for positional target of 1.45/1.63 with SL of 0.81 levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Loopringbitcoin
A trading opportunity to buy in LRCBTCTechnical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001310 to 0.00001110). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001310)
Ending of entry zone (0.00001110)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00000963
TP2= @ 0.00001294
TP3= @ 0.00001560
TP4= @ 0.00001826
TP5= @ 0.00003370
TP6= @ 0.00004900
TP7= @ 0.00006120
TP8= @ 0.00007350
TP9= @ 0.00011320
TP10= Free
There is a possibility for the beginning of an uptrend in LRCBTCTechnical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001540 to 0.00001270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001540)
Ending of entry zone (0.00001270)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00002310
TP2= @ 0.00002760
TP3= @ 0.00003640
TP4= @ 0.00004360
TP5= @ 0.00005110
TP6= @ 0.00006290
TP7= @ 0.00007480
TP8= @ 0.00009160
TP9= @ 0.00011320
TP10= @ 0.00015400
TP11= Free
There is a possibility for the beginning of uptrend in LRCBTC Technical analysis:
. LOOPRING/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000050 to 0.000043). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000050)
Ending of entry zone (0.000043)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000061
TP2= @ 0.000072
TP3= @ 0.000079
TP4= @ 0.000093
TP5= @ 0.000108
TP6= @ 0.000154
TP7= Free