We are now looking at Loom Network ( LOOMBTC ) on the daily (D) timeframe.
Each candle is worth 24 hours.
- Prices for LOOMBTC closed above EMA50 and EMA100 yesterday... So today momentum is starting to build up.
- MA200 at 0.00000255 is being challenged today. To conquer this level, the daily candle must close above this price. Any close above 255 satoshis and MA200 has been conquered.
- With MA200 conquered, this opens the room for fast and massive growth (green arrow).
- is going in favor of the bulls and we have on the a cross.
- The is also /strong.
On the chart above, we have the targets mapped...
Thanks a lot for your reading.
Thanks a lot for your continued support.
Previous analysis | Jan 4
Loom Network Breaks Resistance On High | 140% Next!