Loopring (LRC) +108% Within 48 hours... The Basics Explained

4 Jan 2021

Loopring (LRCBTC) has grown by 105%+ in the past two days/candles... Massive if you ask me.

We had similar action back in November that ended up being just a fake bounce, this is marked in yellow.

When we look back at November, we only have one day with good/strong volume and the RSI was really low.

Looking at the present time, we have a very strong volume yesterday and today with a very strong RSI right away... But there is more.

Back in November LRCBTC closed below EMA50.
Present prices are moving ahead and going to challenge EMA100... Multiple signals are showing this move to be much stronger... Additional growth can follow next.

Thanks a lot for reading.
This is not financial advice.

Namaste.

P.S. This chart can be traded but we do not trade here... We do not trade when the action is already on-going.

We look for the altcoins/pairs that are trading around support and BEFORE the breakout, wait patiently and collect maximum profits.

When the action is already underway, this increases the risk and makes it hard to trade.

Everybody has their own system, of course, just make sure to build a plan before you trade.

5 Jan 2021

Catatan

This one is going straight up!