A good zone 0.3 - 0.2 to collect LoopringOn weekly chart
BINANCE:LRCUSD has been coming back to important trendline with support 0.2
By DCA (dollar cost averaging) to collect it.
What next, wait and see
LRCPERP trade ideas
LRC Short CircuitI was bullish on LRC for a long time, but this movement is just stupid. New investors don't understand the tokenomics of LRC. You can use the Loopring wallet and application without really owning LRC. Rollups are good technology, but very few traders actually use the platform right now. Gamestop memes can't win forever. Sell the news.
LRC trying to hold long term support In a blink of an eye, assets like loopring can skyrocket.
- at the same time they can go down just as fast, if not faster.
lets see if loopring can hold it's macro trend line of support.
Potential LRCUSD LONG• I maintain my position that I have not seen any price action that would suggest LRCUSD establishing a new ATH.
• That being said, LRCUSD is indeed reaching rather attractive levels to consider DCAing in.
• Though LRCUSD might start dumping further, daily RSI is nearing record lows.
• Strategy A. Long if LRCUSD breaks above the parallel channel and closes 2 daily candles above.
• Strategy B. DCA in, if LRCUSD breaks $0.83, and in incremental proportions, in-between $0.83-$0.57.
• The maintenance of mental frame is much more important than any immediate profit and loss.
• For LRCUSD, maintain mental frame by removing all expectations of any GME announcements from your mind. There is a huge difference between news and rumours. And as we know, fundamentals lag technicals.
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LRC for apeshas a bullish look in the long term, especially with the upcoming deal with GME. For the short term and leveraged players, 0.78 and 0.65 are the levels to watch for as well as the other lines drawn
Super huge potential, 1.600%On daily chart, Loopring is still accumulating.
We have a target of the final wave at 12.5 and invalidation level at 0.6, of course.
We have a complete wave A at 0.63 in the correction wave ABC.
Wave B is happening, seem it's not finish.
What next, wait and see
LRC Time SymmetryImpulse Redux... can it breakthrough and continue the bullish trend?
"Far away
Across the field
Tolling on the iron bell
Calls the faithful to their knees
To hear the softly spoken magic spell"
– David Jon Gilmour / Nicholas Berkeley Mason / George Roger Waters / Richard William Wright
Completed the first impulse wave, $1.2On 1H TF
Loopring has completed a impulse wave at 1.03
After that, COINBASE:LRCUSD pulled back to 0.89
Right now, LRC has reached 1.2 to complete the third wave.
Besides, it's a invalidation level below 0.88
Wait and see
Short LRC- Price rejection at inflection point
- Targeting short term range low with take profit placed at demand zone
- Out on a close above inflection point.
Loopring Key Levels (See description)With minimal costs and fast speeds, LRC competes in the L2 space as a better version of ETH. GameStop intends to - and is rolling out - their NFT marketplace using Looping which competes for the 39B NFT pie. The AMM Liquidity pools on loopring.io offer .2% trading fee for liquidity providers on all swaps, totaling to around ~17% APR. This is really good for people trying to hold and grow the platform. TVL in LRC is currently 325.92m. But TVL for LRC in the AMM pools on L2 sits at ~70B.
My hypothesis is that LRC has the technology, momentum, and intrigue to continue raising capital from investors. I could easily see TVL gapping up massively to around ~1-2B. From there I could see it gap to 20B in the decade to come. DeFi-Lama reports that current TVL for all of crypto currently sits at 212.2B. Loopring is coming to eat that lunch sooner rather than later.
Overall, I think LRC is poised for a breakout. My eyes are peeled.
Potential ABCD Bullish BAMM Visible on WeeklyIf this Weekly Level can hold and we get Follow Through Price Action then the level of the 1.13 Fibonacci Extension up at $4.35 would be our next Harmonic Target.
Prepare to pump, over 100% On 1H TF
Loopring ( BINANCE:LRCUSDT has been retracing after surged to 1.36
Right now, LRC is trading around 0.89 with the invalidation level below 0.835
We have a huge potential to take profit up to 105% at this price because of a golden ratio 1.382 Fib of wave 3 at 1.8
Wait and see
Loopring in Danger of Becoming 💩ring!LRC is sitting on a strong trendline. I'm looking for a drop to low 0.80's or 0.70's before accumulating for a possible long position. Time will tell as it is following BTC, ETH, and SPY.
Good luck traders!
Opportunity? Avg Price > Current Cost on LRC:USDAverage weighted price is currently 1.50. The current price of is .99 cents. LRC is a fantastic project integrating ZK-Rollups to reduce tremendous transaction costs. It's being picked up by big institutions and the API / back-end is well maintained to support development. Overall, fantastic product and ecosystem. I recommend it.
Big adoption will be by main-players. Instagram, Twitter, Google + YouTube, Apple, GME, etc. I think the weekly time-frame is important when looking at places to park money in, unless you are scalping with high leverage.
Not really sure, as always, let me know what you think. I think it has potential, and that's why I'm flagging it as an opportunity to share.
A look at Loopring; Bullish on the WeeklyThis is my TA for Loopring (LRC). I believe this token has the ability to double or triple in market cap in the coming few months. I think the risk to reward makes sense for this trade. Let me know what you think.
LRC trying to find SupportAs you can see a strong treadline has formed on the daily for Loopring dating back to March 15th. This treadline is respected at the time. But, if daddy bitty decides to dump more this treadline will probably be invalidated. The line in the sand for LRC is $1.00 - $1.04. It can even wick down to $0.96 as long as it doesn't close at that level. Closing under $1.00 mark would confirm the treadline is broken and further down is imminent. Theres a lot of good news surrounding LRC and Gamestop right now. Gamestop has announced their NFT Marketplace Beta. I would expect the use of Loopring to increase once The NFT marketplace is officially active in the coming months. LRC is a potential strong buy at these levels. It may go back down to $0.78. But, just like all other cryptocurrencies that may have been bottom and the continuation of the bull market may have already started. From $0.65 to $1.35, LRC has already had 100% gains in the past 3 weeks. A pullback is expected at these levels. May consolidate and test the $1.35 in the coming days or weeks. Hoping for the continuation of the bull market. Gamestop NFT marketplace official release. I can see LRC testing the previous ATHs at $3.90 even breaking the ATH.
First, before we talk about Bull market and new ATH levels. we must get through these FIB retracement levels. It seems LRC hit the .786 ($1.34) level perfectly and tested those levels 2 times getting rejected. We can probably expect for LRC to touch the $0.96 - $1.04 level in the next coming days. If it respect this support tradeline. It may go for its 3rd attempt of breaking the .786 ($1.34). 3rd times a charm, if we break above $1.34 and close above $1.35. We can expect the next level target is $1.89.
Buckle up!, We're either going down hard to $0.70 again or back up to $1.89 again. We must draw a line in the sand at $1.00 for the continuation up.
LRC's in the correction wave, up to 1.9On daily chart
COINBASE:LRCUSD has found the support at 0.627, that level is end point of wave A.
Right now, wave B is happening. Wave B might be at 1.9 equal 0.618 Fib of Wave A.
Wait and see.
If my idea is helpful, leave a like to help my job. Thanks 🙏
Remember, DYOR before you trade plz!
LRCUSD Bulls in ChargeThe 50MA seems to be imperative in prices evolution on this weekly chart, price has recently touched it and been bullishly rejected
The orange trendline is dominant and seems to be hodling strong
All MA's are spread this is the best state for likely continuation
LRCUSD Loopring AnalysisLRC as a strong monthly liquidity zone. LRC is approaching an test on its previous reversal zone. If there is a bounce on this level, expect LRC to have a continuation on a leg up. If price action does not hold this reversal zone, expect the fake out and break down under of price action.
Loopring UpsideThings are looking too good to be true for our friend LRC here. heating up for a large move to the upside, realistically $17 is the longer term target. on the shorter term we have a return to the ATH and then a push towards the $5 mark See ya there!
LRCUSD Breakdown IdeaAn ascending broadening wedge
these tend to break down bearishly after three pushes upwards
0.5 is a candidate for a breakdown point
LRC Gann Fans - The RisingLRC on the up and up along with GME and their new marketplace. Seems to be following fairly closely. Will be interesting to watch as the levels progress. Bullish.
