assetsandcoffee

LOOM - Daily - "Volatility Ready"

BINANCE:LOOMUSD   Loom Network
Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Oversold, and our "large move incoming signal" has been triggered quite a few times in the current trading area.
2.) As of 5/16 a strong buy volume bar has been printed.
3.) A hold above the 2.618 FIB would allow for a move to the next FIB zone. Right now we are trading in a gray area.

➡️Fundamental Standpoint⬅️
1.) Staking on the Binance Smart Chain.
2.) Potential Polkadot integration into Loom's ecosystem.
3.) Nirvana capital is invested in LOOM.

➡️Current Season⬅️
- Altseason / 115 Days

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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ Major Resistance Line( MRL ): is the color fuchsia.
✨ Major Support Line(MSL): is the color aqua.
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
- Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation.

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///🎉🎉🎉Before You Go🎉🎉🎉///
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