Since the last breakout, LRC appears to have entered a sideways trading channel. I would like to point out that recently, it has made multiple attempts at the trend line at the top of the channel.
The place I circled was a surge of price that looks like a false breakout. It did not follow the typical zigzag pattern found in a sideways channel. I believe it is only a matter of time before price breaks above the channel.
I cannot say for sure, but there also may be an ascending triangle forming on smaller time frames
The place I circled was a surge of price that looks like a false breakout. It did not follow the typical zigzag pattern found in a sideways channel. I believe it is only a matter of time before price breaks above the channel.
I cannot say for sure, but there also may be an ascending triangle forming on smaller time frames
Dagangan ditutup: sasaran tercapai
Quite a run! I hope you all scored some profits. I didn't make full profits on this trade because I closed at 7.1k. But still great ROI!If you think LRC has more room to grow, by all means stay in. Personally, I have reallocated my funds to potentially more lucrative swing trades.
#AltSeason
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.
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.