Loopring's January rally that broke above Resistance A (0.4250) is on a Bull Flag pattern with a few days away from forming a 1Day Golden Cross. The strong rebound on the RSI shows that this pull-back may be coming to an end, especially if it (the RSI) crosses over its MA again.
The 1Week MA50 stopped the rally on Feb 2nd and caused the Flag pattern so logically we need to have it broken to buy. If it doesn, Target A = 0.52500 (Resistance B) and Target B = 0.66500 (Resistance C).
In the same sense, below Support A, we turn to selling with 5.7000 our Target.
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The 1Week MA50 stopped the rally on Feb 2nd and caused the Flag pattern so logically we need to have it broken to buy. If it doesn, Target A = 0.52500 (Resistance B) and Target B = 0.66500 (Resistance C).
In the same sense, below Support A, we turn to selling with 5.7000 our Target.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.