LRCusd long positionPretty easy to understand. We've hit the .618 from low to ath which also lines up with the 200 day MA. As well as these two there is bullish divergence on the MacD. Together, and BTC willing, makes a strong argument that LRC should bounce to the .5 - .618 fib level from ath to recent low. Stop-loss and TP levels are highlighted, lmk your thoughts!
Market insights
LRC - Upside, Sideways, or DownsideThree scenarios may play out but no matter what your position is you'd be hoping for either Scenario A or C and not B.
LRC is still below the Red Extended Resistance Trend Line and the 12EMA.
LRC is in a Falling Wedge (Bullish Pattern).
Stoch RSI: Oversold Region
RSI: On the 4HR TF has a Bullish Divergence.
Breaking the Green Support Bar could bring LRC down to 1.11
LRC meeting up with the 12EMA could push price back up to 1.6 - 1.7
LRC could continue to range inside the Falling Wedge this week.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Loopring longA correction to major bullish trend stopped around Fibonacci 0.5 level. A continuation of ascending trend to 1 Fibonacci level is expected to happen.
Two Thumbs Up Chart Pattern 4 LRCHahahaha sorry if you had to see this and your reading this, its a good drawing I know! No but in all seriousness LRC hitting resistance as shown in purple rectangle. Hoping for a bounce down to suppport below and hopefully take off again to higher gains following this drawings lower arm :0. (NOT FA!)
LRC/USD retest ATHif we have a pullback that zone 1.5-2.1
is worth for jumping on this market
keep it simple
good luck
trade based on your decision
My analysis on Loopring. Hello, this is my analysis of loorping.
I am bullish long term on looping but bearish on the short term.
There is a lot of hype going on for the 8th of December which is the press conference of GameStop, I do not think they will announce anything on that day that will create a sell-off.
I am also predicting that BTC goes down towards 47000 then 42000 then 38000 until it bounces back before the end of December.
I think the announcement of GME x Loopring will be end of December
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Thank you for reading my analysis.
Have a great day.






















