For new tokens like LOOKS, I tend to take a cautious approach when identifying a point of entry. Especially after the beating it has taken recently. As you can see from the chart, the price has moved above the descending channel on the 4 hour chart. To affirm my analysis I also noted the following: I created a custom indicator that compares the current...
double bottom and bullish cfork started eventually this thing should be bullish as it should be comsuming market share from opensea/hacks and cheaper gas nfts still in smartmoney phase etc stake it and earn compounding looks aswell as ethereum on looksrare.org
Trading Signal: There is a Trading Signal to Buy in LOOKS/USDT Traders can open their Buy Trades NOW Bullish CRAB Pattern: Entry: 1.6599 Stop loss: 1.369 TP1: 3.13 TP2: 4.19 What are these signals based on? Harmony Pattern Technical Analysis & RSI If you liked MY ideas, please support me with your likes 👍 and comments.
looks token, shilled incessantly on twitter for a few months and its finally capitulated printing a bullish divergence with the OBV and RSI preeeetty sure thatll be the bottom in there as the usecase for this is real and gas fees on opensea are fkt in comparison 150% back to the .618 it was an airdropped token to beginwith so the profit takers appear done...
Enter $2.50 or lower Target $3.55 Stop: $2.25 Good Luck!!!
LOOKS may have bottomed out at around $2.5. The Elliot Wave Theory also suggests that price has just completed its "5th" and final wave which indicates a possible trend change up long. Might be a good idea to stack up some more LOOKS before price jumps. Disclaimer: This is not financial advice. Do your own research and only invest in what you can afford to lose.
#LOOKS Rare "Has the euphoria worn off? FEB tough month! The ongoing competition between #opensea and #looksrare may be waning. Recent market activity details 7-day transaction levels at the $800.0M +/- range with #opensea boasting 195,000 users vs. #looksrare 8,920. Volume levels may be indicative of ongoing interest in rewards base trades.
The combined efforts of art lovers couldn’t help $LOOKS. It just created a lower high and smashed the last big support.
full retest after dumping on rewards cut, still rocking 400% APR has now reclaimed both supports. Send it.
Have we just trapped bears? woke up to my orders going off last night at 43050. lets see if BTC can hold the 18 month trend line again. Also added more $Looks cause who doesn't like 500% APR. Goodluck.
Decent move here from BTC, if we can break and hold the 42400 region ill get excited, until then its all noise. Have added to few alt positions early in the week $ETH and $LOOKS besides that playing DFK to fill my boredom.
$LOOKS: Parabolic growth of interest in NFTs OpenSea killer, well placed to become the dominant marketplace Massive incentives for early adopters to HODL Funding is paying me $140 per hour, 24/7 $100 by the end of the month, then I retire from leverage trading forever There's a small possibility that I'm overly bullish on this, maybe don't YOLO your life...
LOOKS seems to be pulling back to previous resistance trendline to test it as support. With multiple squeezes forming, this may create a good re-adding opportunity since we took profits previously. My first price target is to $7 from here.
For much of 2021 OpenSea was the market leader in the nascent NFT space…trading volume in several sought after projects serve to ensure that the revenue generated as well as venture capital interest increase. Most recent reports points to a 300.0M raise pushing value to $13.0B +/- one wonders why the need to raise cash if you are sitting on a cash machine. But...
Looksrare is setting up multiple squeezes again and established nice support trendline. Wait for a pull back to my buy zone in the next few hours. My near-term price target is $5.
Looks rare has multi time frame squeezes and about to breakout to the upside. Wait for the pull back to my buy zone at the resistance trendline turning to support line. With the current money flow and squeezes firing to the upside, we may see my first price target of $7
LOOKS/USDT ASCENDING TRIANGLE BREAKOUT Support: $6.55/ $6.25 /$6.00/ $5.75/$5.45/$5.05 /$4.75/$4.25/ $4.00/ $3.75/ $3.50/ $3.00 Resistance: $7.00/$7.50/ $8.00 /$8.40/$9.00
LOOKS/USDT ASCENDING TRIANGLE BREAKOUT Support: $5.45/$5.05/$4.75/$4.25/ $4.00/ $3.75/ $3.50/ $3.00 Resistance: $5.75/$6.00/ $6.25/ $6.55/$7.00 An ascending triangle is a chart pattern used in technical analysis . It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing...