infbp22

LRC: Moving within triangle, bouncing off strong support

Long
BINANCE:LRCBTC   Loopring / Bitcoin
Hello hello! Please take a moment to read the description on my profile. Ensenada, Mexico needs our help! Anywho, LRC appears to be possibly bouncing off a strong support here and moving within a very slightly descending channel. I see it as a fairly easy 8-10% trading within the triangle and below/at the 200 day EMA. This support line had strong bounces all the way back in January and February. Coincidentally, It happens to land on the .618 FIB of the most recent run up and retrace, and lands in the golden pocket (between .618 and .768 of the all time high and low.) Could see some very health gains if it breaks out above the descending blue resistance line. In addition, they will be airdropping $LRN token to all $LRC holders on July 5th.
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