6/1/18
- LOOM lookin bullish
- We saw a nice double bottom off previous support levels
- Currently battling strong resistance ~5020 which is a confluence zone with the down trend line/ previous support levels turned resistance
- RSi and Stoch RSI looks comfortable being overbought
- RSI and Stoch on 1D looks really bullish
- We may see one more dip to 4800 before we get enough momentum to break thru the 5020 barrier, but the 5020 level is the one to watch IMO
- i'll look to enter when I see confirmation that 5020 becomes a support level, but now may not be a bad time either
Please DYOR and trade at your own risk
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- LOOM lookin bullish
- We saw a nice double bottom off previous support levels
- Currently battling strong resistance ~5020 which is a confluence zone with the down trend line/ previous support levels turned resistance
- RSi and Stoch RSI looks comfortable being overbought
- RSI and Stoch on 1D looks really bullish
- We may see one more dip to 4800 before we get enough momentum to break thru the 5020 barrier, but the 5020 level is the one to watch IMO
- i'll look to enter when I see confirmation that 5020 becomes a support level, but now may not be a bad time either
Please DYOR and trade at your own risk
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- We couldn't hold the 5020 level and currently testing the downtrend support line. - - looking for a bounce in the 4800-4850 level (0.236 fib) as stated above and may be a good entry point, in terms of reward:risk, for those looking to get in this solid project