1D time frame
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We've talked about LOOKS head and shoulders structure before it formed(ref.1). That trading plan is profiting well so far, and still have a target at 0.08~0.09. According to the wedge structure on higher time frame(1D), we can aim the final target at 0.18
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ref.1 Head and Shoulders
#LOOKS/USDT is testing the major Trendline in 4-Hour TF!
BSE:LOOKS needs to hold the Trendline to gain bullish momentum. Breakdown below the trendline is bearish sign and we can short it.
2h time frame
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LOOKS creating a potential bottom HS. Currently, getting support at 0.046 and breaking falling wedge with strong momentum, this trend might create right shoulder structure. Neckline of this HS is obvious at 0.07
Once LOOKS break neckline on upside, there are three targets as below.
TP: 0.078~0.083 / 0.089
Holy moly
Haven't looked at this chart in a long time tbf but wow
98%from top
89% more recent sell-off..
64x to aths wow
Its also technically broken downtrend and could be forming a reversal pattern here.. but trend is friend and if noone uses the product its not worth anything I suppose
Was tipped as one of the better opensea competitors at onepoint i...
Looks rare if closed this week candle with a doji will initiate the morning star pattern which would trigger an uptrend to the the top of the last bearish candle ( over 50% move)
Monthly looks bullish as support as been holding since May 24th. I expect another leg up temporarily to slightly above $0.122 region in coming days..
Ps remember to set stoploss as trade can be invalidated at times due to MM manipulation.
But am sure this 37% bounce must occure!
Wagmi!
Looks Rare (LOOKS) is about to break upwards and true to historic form, seems to still have the premature nature that has made it so popular with all the girls.
TP-01 : $0.157
For a less tense ride, simply hold until much later..
Enjoy.
Investments in NFT from VCs were increased, prices declined so much. Good time to make position in the infrastructure protocol with fee sharing like LooksRare.
On the left side of the chart, we can observe a W-shaped pattern that developed between November and January.
The price reached a peak of 0.3920, which was then followed by a decline.
Subsequently, three consecutive higher lows formed an ascending W-shaped pattern, targeting 1. 0.2197 and 2. 0.2905.
Lower end of the accumulative zone here bouncing off support
Can still stake this thing for like 40%apr
Buying the bottom (here?)
And staking until the next bull market will prove a very profitable strategy, HODL like profits with 40%ish on whatever the eventual valuation of your bag is come the bull market
Yield is payed in eth so you’ll have your investment back...
Pretty low but could go lower, this is more of a long term play.
I think the fact that it's actually decentralized will be appreciated by future buyers.
