Loopring $LRC Technical Analysis 5 May 2021

By Mandrakata | On The Edge | 5 May 2021


Technical Analysis

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

Since last TA update prices tested $0.60 resistance without breaking it, on first run. As always moves were anticpated by RSI indicator loss of momentum.
We are now between $ 0.50 support and $ 0.60 resistance, below there is a consolidation zone that if broken downwards will change the mid-term pattern. Otherwise we must see prices over $ 0.70 to see new ATH.
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
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