LRCUSDT.P trade ideas
$LRC at High ConfluenceAs a trader one must always look for a High Confluence setup. At least 3 technical points should meet at each other to be called as high confluence setup.
In this case of $LRC
1. Price crossed trendline
2. Support zone successfully retested and created a demand.
3. Price also reversed from 50% Fib retracement.
I am loving this, I am taking trade in it with entry, exit and stop loss clearly marked in the picture.
LRCUSDT LONG TERM BULLISH REVERSALHello Traders and everyone, I AM HADI KARAALI, KNOWN AS SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LRCUSDT, as we can see from daily time frame price is clearly overall bearish
Making clean lower low and lower highs
However, price is now forming a new swing high around the trendline we need for the swing to be completed
Then a break above the trendline and the resistance zone
Until that happens we are bearish and we can still trade lower and lower to the next massive support zone where we will be searching for new longs
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Loopring ( LRC ) Price Prediction 2022Loopring ( LRC ) Price Prediction 2022
Loopring ( LRC ) holds the 90th position on CoinGecko right now. LRC price prediction 2022 is explained below with a daily time frame.
The above chart of Loopring ( LRC ) laid out a Descending Channel . Descending channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Loopring ( LRC ) is in the range of $ 0.4805. If the pattern continues, the price of LRC might reach the resistance levels of $ 1.3780 ,If the trend reverses, then the price of LRC may fall to $ 0.3232
Loopring ( LRC ) Support and Resistance Levels
The chart below shows the support and resistance levels of Loopring ( LRC )
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Loopring ( LRC ).
Resistance Level 1 $0.5105
Resistance Level 2 $0.7238
Resistance Level 3 $1.0925
Resistance Level 4 $1.6536
Support Level $0.3372
LRC /USDT Support and Resistance Levels
The charts show that Loopring ( LRC ) has performed a bullish trend over the past month. If this trend continues, LRC might run along with the bulls overtaking its resistance level at $1.6536.
Accordingly, if the investors turn against the crypto, the price of Loopring ( LRC ) might plummet to almost $0.3372 , a bearish signal.
Short Note :
Breakout Level : $0.4845
Target : $1.3780
Stop Loss : $0.3232
Happy Trading !!!!
LRCUSDT - don't miss opportunityLRCUSDT target & ideas
A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle's formation must be bullish.
Lrcusdt kissed botton support on 4hr chart near to break triangle patten, you can start entry in part buying.
#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
Watchout for range breakoutLoopring has been consolidating in a range and lately testing the upper resistance. It has also been able to close above 200 EMA and looks good positionally above 1.2322 for a positional target of 1.669.
Buy positionally in spot and intraday in futures.
Learn & Earn,
Dr. Tanya Kumar
LRCBanned from Reddit loopingorg for life for posting this as a meme at the 'to the Moon' paperhands guys.
LRC needs to get back into and above now or it's going to take its sweet time getting back to its original trend line. 60-70 cents.
*There is NO resistance down to 60 cents*
LRC has shown reversal signs, but hasn't shown any sign of real strength to capitalize. Without any resistances that could bleed this out.
BUT if you look at the weekly - it's hitting the ma right now and This could be the pivot point to reversing. If we do not hold the weekly ma we are going down much further and LRC will be a regular pump and dump with all rumor no fruit.
Symmetrical Triangle in LRCUSDT* LRC in Daily time frame forms a Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern.
* Symmetrical triangle is considered to be either trend continuation or trend reversal pattern depending on the pattern breakout.
* Above resistance LRC is bullish.