Loopring $LRC Technical Analysis 1 May 2021

By Mandrakata | On The Edge | 1 May 2021


Technical Analysis

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https://www.tradingview.com/x/eToPZh1T/

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.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.  I will never promote anything I don't truly believe in.


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Mandrakata
Mandrakata

Risk taker. Creativity solves everything. I practice what I post.


On The Edge
On The Edge

Trading outside your comfort zone. My technical analysis Ideas and Trading journal.

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