This alt setup looks ridiculously good.
Coin:
Loopring (LRC/BTC)
Thesis:
Alts are popping left and right.
This one is lagging behind, but it'll pump soon enough. And there is no resistance anywhere in sight.
Why:
Unlike a lot of other coins, Loopring didn't make historic lows in the bear market.
It's been in a trading range for quite a while. Volume has been increasing. This coin is clearly being accumulated.
There was a fakeout to shake the last weak hands out, but it shot right back into the range on high volume.
It's only a matter of time before it really starts moving.
The reason this alt is so appealing is because the first resistance is a 100% away. That is the minimum pump I expect.
Summary:
Bullish.
First target: 0.00003600
Might go beyond that if we get a proper alt season.
Loopring (LRC/BTC)
Thesis:
Alts are popping left and right.
This one is lagging behind, but it'll pump soon enough. And there is no resistance anywhere in sight.
Why:
Unlike a lot of other coins, Loopring didn't make historic lows in the bear market.
It's been in a trading range for quite a while. Volume has been increasing. This coin is clearly being accumulated.
There was a fakeout to shake the last weak hands out, but it shot right back into the range on high volume.
It's only a matter of time before it really starts moving.
The reason this alt is so appealing is because the first resistance is a 100% away. That is the minimum pump I expect.
Summary:
Bullish.
First target: 0.00003600
Might go beyond that if we get a proper alt season.
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