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LRCUSD trade ideas

Loopring x Gamestop!The Loopring x Gamestop announcement is finally here and official. - link to tweet: twitter.com - link to GameStop Marketplace Beta: nft.gamestop.com Macro: Loopring continues an overall large uptrend when looking at weekly candles. With a market cap of ≈ $1.3 Billion, Loopring has a lot of room for big gains. Short Term Chart: Loopring has been rejected twice by its 200 day moving average in the past 2 months. Correlating with Gamestop's pump, Loopring has shot up (to its recent top) over 80%. As long as GME & BTC stay in good shape (which they both are!) - I think we can see LRC push past the 200D to higher evaluations.
COINBASE:LRCUSDLong
by mascher7675
1
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:LRCUSDLong
by TradingShot
7
LRCUSD D1: 500%+ gains THE BEST Level to BUY/HOLD (UPDATED)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates IMPORTANT NOTE: If you want to request analysis via DM you have to SUPPORT MY IDEAS FIRST - LIKE/COMMENT. Otherwise don't waste my time. 🎁Please hit the like button and 🎁Leave a comment to support our team! LRCUSD D1: 500%+ gains THE BEST Level to BUY/HOLD (UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. IMP NOTE2: Conditional setup, make sure BTCUSD maintains > 25 000 USD before BUYING LOW. 🔸 Summary and potential trade setup ::: LRCUSD D1 chart review ::: chart looks good /strong ::: setup still valid as of right now ::: great progress / on the way to cycle lows ::: noteworthy compression in progress ::: expecting one final pullback soon ::: get ready to BUY LOW later ::: best reload bulls near 45C later ::: expecting 500%+ bull run ::: re-test of sliding S/R line ::: near 3.50-4.00 USD later ::: BULLS stay out be ready later ::: expecting short-term pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +500% gains later ::: expecting decent gains soon ::: 30-45% CORRECTION short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +500% gains / 4.00 USD ::: BEST reload BULLS near 45C ::: TP BULLS is 4.00 USD+ final exit ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:LRCUSDLong
by ProjectSyndicate
5
LRC - BULLS DISPLAYING THEIR HORNS! But What's Happening Next?Happy Money Monday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== LRC is now trading above the 12MA and 21MA and is now poised to meet up with its 50MA possibly having a rendezvous with it at the 23.6% Fib @ $1.4208. Further upside price push could bring LRC towards the next Fib level of 38.2% @ $1.8984. LRC have a retracement would bring price down towards the 12MA. LRC's mid-term price target is the 50% Fib @ 2.2844 and the 61.8% @ $2.6704 Stoch RSI (1Wk): Oversold Region, Crossed Bullish. MACD: Momentum is towards the upside, and if LRC pushes higher then MACD could cross the Zero Level. Always remember to place your Stop Loss. Price action is KING! Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:LRCUSD
by RSibayan
Wyckoff Distribution Setup, Spring Test CompleteLRC Looks like its set up and good to go, we already had the spring test and are now testing the last point of support of the next leg up, expect this to take a few days to fully play out. As we can see the rapidly dropping demand through december and january led to an automatic rally where we tested a resistance level, and it was rejected, a backtest to the last point of support showed that we had become oversold, and demand started to increase. We are now at the pivot point where demand will greatly exceed supply and the price will rise rapidly. This is all of course, if BTC behaves.
LLong
by BarryMcKokaner
2