Just a simple post to highlight 2 things:
1) The LRC pump is not over yet
2) LRCETH pumps often herald subsequent explosive ETHUSDT pumps
1) The LRC pump is not over yet
2) LRCETH pumps often herald subsequent explosive ETHUSDT pumps
Nota
Looking forward to the Dec close.Nota
• That was a good monthly close. The descending parallel channel that LRCETH has been in since Apr'18 has held.• If history were any indication, then let's be patient and wait for the following (in no particular order): 1) LRCETH weekly close below the topline of the parallel channel; 2) LRCETH dumping; 3) ETHUSDT pumping.
• L2 is needed, and LRC's L2 protocol is a good one. But I can't figure any other reason why it needs to be tokenised except for profitability. That's not a bad reason to be honest, but I really wonder...
Nota
• LRCETH indeed closed below the topline.• Daily open and close below the topline.
• The weekly is currently trying to break it (with low volume).
• Let's see if ETH can hold the line.
• If so, bullish for ETH and adds weight to the hypothesis that LRC is a liquidity handmaiden for ETH, euphemistically and metaphorically speaking.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.