#loom Targets (bullish Scenario)

#loom Targets (bullish Scenario)- If we get a break above descending triangle.
1 $loom has retraced around 50fib region of minor wave1.
2 Minor Wave 3 target is :9568-9400sats (161.8fib ext )
3 Resistance levels above are at 6227-6450 (1H SMA's & Trendline resistance)
4> $loom Minor wave 3 can be confirmed only if resistances :6227-6450 (1H SMA's & Trendline resistance) along with minor wave 1 high at 7161sats is broken.
5>Currenly it is looking to break below the descending triangle, rejected though.
6>Support levels below: 5995-5850 sats #crypto #loombtc
https://www.tradingview.com/chart/2jHyamBl/

Comment:

#LOOM $loom looking good here, breaking out of the triangle then the retest of trendline as possible support level, Good re-entry points-6.3-6.2ksats near the 50fib region.
#cryptocurrency #Crypto $crypto #loombtc

Comment:

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