Loopring $LRC Technical Analysis 1 May 2021

By Mandrakata | On The Edge | 1 May 2021

Technical Analysis



Following my previous setup, we see prices that had breakout from accumulation zone in an uptrend.
With last Close above short MA we could set a new target for $0.60 and later for $0.71 (both are FIB retracement levels).
We are still in a swing-lateral movement for the mid term, but we could take advantage of fact that actual channel is large enougth for trading.
I'm still Long, Holding.


⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions.  Above ideas is for educational purpose only, it is not intended to be investment advice.
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