LooksRare (LOOKS) is a community-driven NFT marketplace that emphasizes rewarding users and active participants with its native token, LOOKS. The platform is designed to compete directly with other NFT marketplaces by offering better incentives for both buyers and sellers, such as token staking rewards and lower transaction fees.
The current price of LooksRare...
On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including.
1) Price action and RSI resistance breakouts.
2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence.
3) While the market has been in full panic mode volume...
1D time frame
-
LOOKS is retesting the huge falling structure now, this structure began from 0.5 and went over 600 days. This breakout means a sign of strength, which target is the previous high at 0.5. Therefore, we can set up a trading plan while LOOKS starts retesting the obvious support zone.
-
TP: 0.476
SL: 0.05
Looks been trading in a falling wedge for more than a month now. Currently, it's bouncing from the golden fib levels and the support of the wedge. A breakout is inevitable.
targets:
TP1- 0.11 area
TP2 - 0.25
Hello everyone
————————-
What’s LOOKS ?
Looks NFT Coin is a cryptocurrency that is associated with the Looks NFT platform. NFT stands for Non-Fungible Token, which is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content, such as artwork, music, videos, or virtual real estate. Looks NFT Coin is used...
Noticed this one yesterday, initially looked like a rectangle, but started to draw the cup around the candles. Its one for the watch list, measuered move of the cup is 0,3188, but can also go higher as we've seen with the recent SOL move.
Price right now is low, so if you're not a trader, then some spot exposure isn't a bad idea.
12h time frame
-
LOOKS seems more like symmetrical structure here if use Bars Pattern on the left wave(0.385 to 0.037). Considering the downtrend line on higher time frame, the first target is 0.18 as our previous analysis in October(ref.1). If this symmetrical structure maintain the pumping momentum, next target is 0.37.
-
ref.1 Head and Shoulders
#LOOKS/USDT is testing the resistance zone in 4-Hour TF!
BSE:LOOKS major resistance level is PWH $0.13475. I am expecting a liquidation hunting above the zone to dump it.
The local support level is PWL $0.10001.
Thank you for reading this update.
Depending on our study we see that LOOKS has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
Looks' price had been in a downtrend for a significant period but, the recent boom in the market saw price break out of resistance at 0.06. Token unlock event has also contributed to pushing price to a new level at 0.1 where it's currently in accumulation.
There is a resistance in the box that can be a little annoying
If it passes, the above targets are available
The first support point is the green box and then two green lines
My prediction for LOOKSUSDT.P is that the price will climb up to 0.1075.
My prediction is based on my analysis of the daily chart:
As you can see in the screenshot, the price has successfully escaped the zone and is currently on an uptrend. I expect the price movement to keep its momentum until it reaches the most recent resistance level (on May 17th) at least....
