The EWT is playing out well. Now playing 5 of (5), which will touch the greenline. Should expect a correction after that, unless we get a truncated 5th. In the pink wave, wave 4 came into the territory of wave 1, as I believe this could be an ending diagonal.
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CHART ANALYSIS :
#LOOKS/USDT
As we can see in the...
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Welcome to this LOOKS/USDT TRADE setup. LOOKSRARE is an NFT market place which is far better in comparison to the Open sea.
LOOKS is forming a symmetrical triangle pattern in a 10hr time frame. Currently, it is hovering near the lower trendline of the triangle. Bounce is...
H&S Pattern takes us from $5.6 all the way to $0.8. I see a symmetrical triangle playing out if I'm not mistaken. $1.70 acts as a retested support level bouncing 4 times off it. I think we will break past that level, and then see a push up creating the higher low. Tight stop so if it breaks for a lower low we can get a better entry. Tp's set to past resistances,...
this is actually a 2m chart I had to move to 15m to be visible on TV.
However after a liquidity grab on the 1h the 2m showed a break of structure, and a bounce off the fair value gap on the 2m chart.
So I deduce that we will be able to long here, and go higher, or get stopped out very tightly. 3.5 RR
If the pattern plays out as before we are looking at looks to near $1
Pattern: Descending wedge with 2nd upper line tap @ the 0.702 Fib level (green). Measured move from there established the next lower target.
Classic market cycle imo. Seen the move down, with a hard momentum wall at $1 a good psychological and mathematical support.
Now would be the perfect time to accumulate LOOKS and stake for the time being.
More insight into this - if we look at the 2 previous airdrop tokens SOS & ENS, we realize they go thru a faster market cycle compared to other tokens around...
LOOKS, is currently oscillating and consolidating in the 1-1.05 area.
If it breaks above, it is expected to quickly pull up to the 1.18-1.25 area above.
There are 1.37 and 1.5 above the short-term pressure.
The midline pressure area is 3-4, and it will hit a record high of 7 or more after the breakthrough.
Operation suggestion:
-Spot goods. The current price is...
When we compare the $LOOKS chart to $ICX we can see an almost identical strucutre where $ICX had a double bottom and rebounded massively.
$LOOKS is showing a double bottom pattern and the downtrend is likely over.
Slight sequence I noticed on LOOKS.
Honestly nothing surprising to me, as I know algos control most of the volume in the market - however its nice to find the sequences before they play out once in a while.
"he who shorts first, shorts best."
Trading Signal:
There is a Trading Signal to Buy in LOOKS/USDT
Traders can open their Buy Trades NOW
Bullish CRAB Pattern:
Entry: 1.6599
Stop loss: 1.369
TP1: 3.13
TP2: 4.19
What are these signals based on?
Harmony Pattern Technical Analysis & RSI
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