LOOM/BTC LOOM is about to BOOM 5/10/2018
Whats up to all my peepz,
Lets get into this LOOM chart, its been added to binance on May 1st which is my birthday so this coin is special to me. as soon this coin got added it took off which means there is high demand. On this 2HR chart you see a huge symmetrical triangle which is a continuation pattern and in this case is bullish and to confirm that you should look at the day chart and see a rising 3 methods formed which is a bullish continuation pattern. It also formed a falling wedge within this triangle which is a bullish pattern.
Positives - MACD bullish divergence, KOscillator bullish cross, Stoch RSI bullish cross, Uptrend line respected, currently breaking out of trianlge and its still early in the day for volume to come in.
Negative - 20ma is under 50ma but can change with bullish price action, top of the B-Bands line and if you missed out on an entry :)
This one has the potential to grow with not much resistance ahead if we pass those then we can be moving on up to the stars.
This is just education purposes and having fun with TA, leave some comments and hit that LIKE if you agree with my analysis.
Have a great day, be wise, patient and respected your wallet
LOOMBTC
BINANCE:LOOMETH
BINANCE:LOOMBNB
Lets get into this LOOM chart, its been added to binance on May 1st which is my birthday so this coin is special to me. as soon this coin got added it took off which means there is high demand. On this 2HR chart you see a huge symmetrical triangle which is a continuation pattern and in this case is bullish and to confirm that you should look at the day chart and see a rising 3 methods formed which is a bullish continuation pattern. It also formed a falling wedge within this triangle which is a bullish pattern.
Positives - MACD bullish divergence, KOscillator bullish cross, Stoch RSI bullish cross, Uptrend line respected, currently breaking out of trianlge and its still early in the day for volume to come in.
Negative - 20ma is under 50ma but can change with bullish price action, top of the B-Bands line and if you missed out on an entry :)
This one has the potential to grow with not much resistance ahead if we pass those then we can be moving on up to the stars.
This is just education purposes and having fun with TA, leave some comments and hit that LIKE if you agree with my analysis.
Have a great day, be wise, patient and respected your wallet
LOOMBTC
BINANCE:LOOMETH
BINANCE:LOOMBNB