I was looking for a decent ETH project that would have the potential for staking and I came across this one.
This is a competition from the NFT marketplace to Opensea. I am one of those who believe in cryptocurrencies, their functions and carefully chosen NFTs have a wide range of uses in my opinion.
Well, Looksrare knows what they're doing. Not only will you...
looks squeezy to me 50ish % on 1d to 100ema
177% to 200ema
this still pays staking interest in eth so bullish eth essentially means bullish looks
barring some exploit looksrare has nice ui and good meme potential aswell
obv also looks consolidated and ready for a push up
LOOKSUSD looks like it is about to break out...
MACD bullish divergence about to crossover, and a imminent triangle breakout appears to be set in place as it nears the apex.
Watch for a failure breakdown too, still possible.
For now, leaning towards a breakout 70:30.
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A1) short if break down the yellow triangle
A2) Tp slightly above All time low of 0.16
B1) if break out above - can I long with Tp at blue diagonal line or should I only short at the blue diagonal line?
Short level analysis of Looks. Very little information for TA still however, setting levels is a need when trading a very volatile market. Target of 2.2-2.9$ for TP one, current entry at 1.80$ puts it within a risk zone, but whne accounting for social signals and hype around the token it is a risk I am willing to bear. Max pain would be revisiting 0.78$ but to be...
At the moment Looks is taking a similar way like btc.
The black box and black bars only show how fast we could recover,
if we take a similar way after the last price drop under the 2$ zone,
but that all depends heavily on the overall crypto market at the moment
and especially now much depends on btc.
In addition, according to Looks Tokenomics, new tokens have...
Update
After the FOMC Meeting from 4 May, #BTC doing it well
Still great potential for $looks 🚀🚀🚀 if #BTC pumps
The chart is a bit overloaded, but has the sub-cycles with the price ranges
However, one should also be cautious at the moment, so I am neutral, but long-term bullish
Not financial advice, just my opinion
Update
Great potential for $looks 🚀🚀🚀 if #BTC pumps
The white chart pattern may a possible way for a cyclic repeating. See white box and white pattern.
Red and cyan dot lines show the subcycles.
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Not financial advice, just my opinion
Currently #looks and #btc are most time similar.
I think these price ranges are very important
and if #btc could playout a bull run in the next few days,
#looks could do the same.
Not financial advice, just my opinion
It appears that LooksRare has formed a new support level between $1.30 - $1.50. Assuming that Bitcoin can hold its current support at $38,000 and move upward this weekend or beginning of next week, look for LooksRare to break through the resistance line and make a solid move upward. Keep an eye on the strength of its RSI index when compared to BTC. As indicated...
nice accumulation phases. looking at 2.9- 3.1 as resistance.
think this will be above $5 again in may, if it break through and build support on this zone
