LRC: Looking Prime and Ready for Some Bullishness
My Fellow Crypto Comrades,
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Cheers & Happy Trading!
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ANALYSIS:
LRC Looks to be forming a head and shoulders in which a possible long sent up can be initiated at the end of the formation. RSI is signaling that LRC is overbought, thus we are currently seeing a correction. If LRC falls through the upward diagonal trend, and the $0.15 support/resistance level, BTFD! Moreover, the 9EMA flashing to the downside is further confirmation we should be expecting a correction to previous support levels. I'm not a financial advisor but if BTC chills out from price pumping, and trades sideways, this long set up can lead into the next bullish Alt cycle with some nice gains.
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
------------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
LRC Looks to be forming a head and shoulders in which a possible long sent up can be initiated at the end of the formation. RSI is signaling that LRC is overbought, thus we are currently seeing a correction. If LRC falls through the upward diagonal trend, and the $0.15 support/resistance level, BTFD! Moreover, the 9EMA flashing to the downside is further confirmation we should be expecting a correction to previous support levels. I'm not a financial advisor but if BTC chills out from price pumping, and trades sideways, this long set up can lead into the next bullish Alt cycle with some nice gains.