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
Operación cerrada: objetivo alcanzado
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
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.