💎 LOOM has recently experienced significant market dynamics, breaking out of a descending channel pattern after a perfect bounce from the Bullish OB area.
💎 There is a probability that the price will undergo a retesting phase at the trendline before continuing its significant upward movement toward our target strong resistance area.
💎 However, if LOOM fails to...
🚀The Loom Network (LOOM) project has grown more than ➕100% in the last week.
🧐Let's first see what Loom Network (LOOM) is❗️❓
🔘Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.
🔘The goal of this is to allow...
The best supports are on the prices of 0.12031 and 0.15288, if you reach these areas, you can buy on each of them, and the best resistances are 0.25062 and 0.31366.
The price approached the hold level, having a primary structure of deviation and EQH levels.
It is worth considering a position based on volume.
The goals will be
-EQH level
-zone imb + supple
-OB
Open a position after LFT CONFIRMATION
and active trading volume at $0.17000 with the price fixing above $0.16879.
LOOM had a PUMP OF 1050% with any fundamental reasons! Yes, IT CAN REPLACE LINK, ok, but it s not happen yet.. 1050% ????? Take advantage from the hipe, A CORRECTION IS NATURAL..
Loom/usdt
#LOOMUSDT
It's highly likely that the recent pump in LOOM has concluded, and there's a possibility of a significant drop next week. Let's keep an eye on it.
Ideas are personal opinion not financial advice , always do your own research before making any decision
LOOMUSD crossed over the High of the previous Cycle (0.2650) and got ridiculously overbought even on the 1W timeframe (RSI = 91.375, MACD = 0.029, ADX = 42.981). However this doesn't necessarily mean that it can't go higher and even more so by a significant margin. The 1W MA50 will inevitably cross over the 1W MA200 next week and will form the first ever Golden...
LOOMUSD has seen in incredible rise during the last two weeks that just hit the LH trendline, basically the technical Resistance that is holding since November 2021. It is no surprise that the 1D timeframe is overbought but such parabolic rise turned even the 1W technicals overbought (RSI = 78.126, MACD = 0.007, ADX = 36.174). Keep in mind that this rise started...
