Loopring High Volume Inverted Hammer (Weekly & Daily)

Loopring (LRCBTC) just printed a high volume inverted hammer which is visible on the daily and weekly time frames.

Daily:

Weekly (needs weekly candle close for confirmation):

Here is the long-term chart with long-term targets:

• We can also notice the RSI oversold.
  
• Bullish divergence on the MACD.
  

These signals indicate that LRCBTC can start moving up from this point forward...
So keep an eye out on this one.

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Thanks a lot for reading.

Namaste.

Kommentera:

Consolidation.
Low bear volume on the drop.
After consolidation, higher low and move up.