Loom Network is bouncing from very strong support, marking a triple bottom. But, will LOOMBTC be able to move up from here or will it go lower?
Feel free to hit like to find out, and let's continue with this chart analysis.
Before we get started, let me clarify a small detail. We call altcoins all the alts that are available for trading on Binance, Bittrex,...
$LOOM Bouncing from support at ~1100sats
Entering now is risky since a resistance is very close to current price
I would wait for a ~1300sats resistance flip as entry or a test of the 1100sats
Volume slowly growing
UCTS Buy signal on the 6H
Bull divs can be spotted
LOOM losing this support level will be pretty bad, and if it goes back up to it and rejects it, it's as good as dead!
Bought some LOOM, the Stop-Loss is pretty obvious, profit targets are the levels above.
I also did a chart a few months ago, check it out in the related ideas section.
No change towards LOOM analysis. If you followed, good! Expecting targets to reach and profit soon enough. Daily MACD attempting positive cross and momentum is looking good for an upside. We also held the 0.786 support level well.
Potential Targets: 1488 - 1553 - 1609 sats.
Potential Profit: 10.19% - 19.49%
For day to day updates and chart analysis,...
#LOOM (Loom Netwok)
Holding Support At 1300-1320 Sats
Looking Good For Midterm Entry..
Midterm Targets 1680-2000 Sats
Strong Project & Active Team..
I'm Bullish On This Project .
Loom Network (“Loom” or the “Project”) is a Layer-2 scaling solution for Ethereum that is a network of Delegated Proof of Stake (“DPoS”) sidechains, allowing for...
Loop, which increased %87 from its downfall to reach 2019 satoshis is trying new attempts to go higher. I think Loop has great potential and we will see higher prices. Let's take a look at some signals; it has a strong upward trend. The value is above EMA14, EMA50, and EMA100.
Buy: Up to 1850
Long Term Targets:...
Update on $Loom, Retested EMA50 & pushed up as expected. Reached EMA100 (around 40% from the Buy signal from the UCTS) & now is doing a pullback following current market conditions (btc drop). Anyway RSI &MACD looks strong, Volume is also nice. Please remember lock profits! #LOOM
As you see Loom has a strong move to the upside , following the mainnet and staking protocol in place. but it seems that it might be running out of steem for now. it looks like its forming a head and shoulder that will continue to the down side for a retracement.
i'm in a position right now but looking for a good exit in the next few hours. THIS NOT FINANCIAL ADVICE
Loom network is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum. What a promising idea it has! As in a technical view many many golden crosses in EMA line happened. Also sell power is very low. 1309 then 1401 are in play in case of breaking that ascending triangle in...