You might be looking at many tiny red and blue squares, or a bunch of random symbols on a screen on different colors...
To me, here it says bullish in many ways... I can see the following signals:
Break above EMA10.
Increasing bull volume.
The downtrend line is broken.
Moving below support to hit a new ATL just to quickly move back up.
Start retracing losing ~370 sats level (not support cause it never flipped it)
UCTS turning red across multiple timeframes // RSI leaving overbought levels
Aiming for ~320sats for a new evaluation of the chart
If you are hodling this for some reason, stay safe
Hi, today we are going to talk about LOOM and in a Day Trade opportunity.
We observe a 60M chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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We noticed a significant trading breakout might be taking place in LOOMBTC.
The recent trend is for altcoins to retrace 23% of their recent down moves. Like many bear market rallies, these up moves have been tremendous and very short-lived. So, you have to jump on the up move while you can.
In this case, LOOMBTC has taken out previous support near 362 and could...
Big Picture: Falling wedge breaking out & crossing above ~320sats resistance
UCTS Buy signal on the 12H (and every LTF)
RSI & MACD bullish divergences
Volume in binance is not that good so use a tight SL just in case..
As targets ~345/370/390sats