LRCBTC trade ideas
#LRCbtc / Loopring / #LRCLoopring?
What is that???
BINANCE:LRCBTC
Loopring is a software running on Ethereum that aims to incentivize a global network of users to operate a platform that enables the creation of new types of crypto asset exchanges. ... With zkRollups, Loopring asserts its exchanges can offer faster settlements for traders.
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Technically, it can touch OR break up horizontal Red line easily in mid-term.
We have three powerful strategies here on the chart:
MA 200
Trend line
Fibonacci 0.618 on trendline and
Also another Fibo in order to see target point which are here Red horizontal lines...
Nice, is not it?????
LRC could do 100% on the BTC Pairing. If we break the downtrend and retest the Trendline succesfully. we could see a strong rally. throuth the Fibs.
The USD Paring also looks bullish to me on the 1H chart.
$LRCBTC pair ready for next leg up$LRCBTC pair is ready for next leg up to 2200. It can happen very soon.
Crypto|LRC/BTC|LongLong LRC/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
Red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
UPDATE: Parabolic Curve Theory idea for $LRC vs BTCThis is an updated daily chart for Loopring $LRC against BTC pair...
Setup is still in play although it was visibly affected by the BTC Dip on april 18th.
Interested to see 2 things in this case:
- Volume is pretty low and it has been since before the Rounded Bottom began to develop. Eyes generally fixate on lower cap coins at the very end of the money flow and it's the case for this 40 satoshi coin.
- Patterns to me are pretty much like a figure-shaped support. This feeling is reaffirmed with the april 18th and 19th dip stopping it's descending path to hug the parabolic curve again.
$LRC, Second try on LRC this month..$LRC
Second try on LRC this month..
Now looks stronger, crossing above ~1100 sats level.
Looking for a flip over this level as signal of continuation w/ UCTS 1D Buy signal..
Still way below YTD high (~2k sats // 70%)
May work out
#LRC
Loopring (LRC) Getting Ready For A Bullish Jump!The chart for Loopring (LRCBTC) looks beautiful now that a higher low is being cemented.
After the February 2021 bullish wave, LRCBTC went on to retrace and after some consolidation, signals are coming up pointing to higher prices.
LRCBTC recently moved above EMA50 and there was no strong volume while the correction took place, signaling that the bears are not strong.
Now that the consolidation phase is almost over, prices moved above EMA50/EMA10, we are very likely to see next a bullish jump.
Condition for change
If prices break and close below the last low, the above analysis is invalidated.
Namaste.
Parabolic Curve Theory idea for $LRC***This is not financial advice, it is a personal investigation log intended for furthering my knowledge on Parabolic Curve Theory ( PCT )***
This is a daily chart for Loopring $LRC vs $BTC.
Pattern analysis is clearly a Rounded Bottom (RB) at a +/-70% advance in time with a total estimated span of approximately 85 days.
Bottom of the base: 847 satoshi
Projected top: 1,869 satoshi
Projection for bases 1 through 4 set at .236, .382, .500, .618 Fibonacci levels. These have been determined by measuring an inverse retracement from base to top to force the Fib tool to place the levels from 0 to 1 to cover the complete parabola.
At the moment of publishing the estimated profit % when reaching the top is of 92%
I will update close to when the different stages are reached to keep track of the price action behavior.
Any comments and further insight are welcome.
$LRC, Looking good..$LRC
Printed a UCTS 1D Buy signal yesterday (usually strong) as volume is slightly increasing..
Could be a little early but everything is so bullish right now that it may work
If starts pushing up, then looking for ~1200 sats as 1st level to watch..
Let see how it goes
#LRC
Lrc is going to blast if breakoutthere is possibility of huge pump if LRC/BTC can breakout. therefore, i suggest that set buy orders above resistance .
#LRC / BTC looking bullish !#LRC / BTC ( Binance )
Buy Range : 0.00000990
Stop loss : Daily close candle below 0.0000846
Target 1 : 0.00001114
Target 2 : 0.00001323
Really good end of the week for LRC against BTC. Great bullish price action whicch suggest more upside if we look into indicators too.
- RSi making bullish structure
- MACD clearly bullish
- Momentum crossing into green territory
- CCI looking good
I think LRC got good chances to have a price increased in the upcoming days/weeks
Good luck !
The Setup Is Bullish❕ Impulsive Correction Competed And Now Sitting Above The PRZ Zone ,Expect The Breakout From The Trend Line Soon
🔴 Stop Loss Zone : 775 ~ 770
Crypto|LRC/BTC|LongLong LRC/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Black arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
