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⋅ Good afternoon my fellow cryptocurrency trader, I am hoping you are having a wonderful day.
Let's have a look at LooksRare (LOOKSUSDT), we have some interesting signals...
(1) Yesterday we had the highest volume day for this pair. This happened near support after a new ATL was set. (Strong buying = bullish).
(2) We have bullish divergence with the MACD.
The divergence tends to come out when a bottom is forming.
Prices remain trading below EMA10; bearish.
The RSI is still weak.
These are just early signals but there is good potential on this one.
More details on the chart.
Namaste.