Loom Network (LOOMUSD) is on the 5th straight green 1W candle, with the last 3 weeks in particular being the strongest bullish sequence LOOM has seen since its historic All Time High on the week of April 30 2018!
Last week it closed the first 1W candle above the Bear Cycle's Lower Highs Resistance and the 1W LMACD sequences resembles the last strong rally of 2020 - early 2021. Based on that we should be currently on leg (c), which can extend all the way to the 2.0 Fibonacci extension, despite the presence of Resistance 1 (0.26900). Our target is 0.60000.
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