Since conception, Looks has exhibited corrective price action in which from opening it came up in a 3 wave structure termed as W, we then came down in an ABC from the $7 high which gave the indication that an X wave correction was beginning to the downside and after a x sub wave completion $5.8 we then came down in a 5,3,5 structure to complete the y sub wave of...
LOOKS may have bottomed out at around $2.5.
The Elliot Wave Theory also suggests that price has just completed its "5th" and final wave which indicates a possible trend change up long. Might be a good idea to stack up some more LOOKS before price jumps.
Disclaimer: This is not financial advice. Do your own research and only invest in what you can afford to lose.
LOOKSUSDT LOOKS GOOD!
Price formed 4h Bullish Engulfing candle
and My friend told me that the trading volume
of the NFT in Looks is good
Invest some Looks!
A lot of selling has been going on, but by trend, should go up, and then retest before breaking trend. We should be looking bullish really before end of February. Lets go
LOOKS seems to be pulling back to previous resistance trendline to test it as support. With multiple squeezes forming, this may create a good re-adding opportunity since we took profits previously. My first price target is to $7 from here.
Looksrare is setting up multiple squeezes again and established nice support trendline. Wait for a pull back to my buy zone in the next few hours. My near-term price target is $5.
Standard Wycoff distribution crashing structure, we will likely set a low below $3.24 set back at wave 5. Then we can expect some grinding after an initial push up around the 200 MA (15 min chart) Wycoff accumulation at this level.
I think we'll see a new ATH in the future, be it another month or, perhaps, longer.
NFA
based on ytd daily chart, the candlestick is bearish engulfing. it is a strong sell signal for short term.
can consider to short it if the price unable break above 5.8 with good effort volume.
price are expected ranging in a box range 5.2 to 5.8 in short term period before deciding their direction.
considering the bearish factor of btc trend and the uptrend of...
Looks rare has multi time frame squeezes and about to breakout to the upside. Wait for the pull back to my buy zone at the resistance trendline turning to support line. With the current money flow and squeezes firing to the upside, we may see my first price target of $7
LOOKS/USDT ASCENDING TRIANGLE BREAKOUT
Support: $5.45/$5.05/$4.75/$4.25/ $4.00/ $3.75/ $3.50/ $3.00
Resistance: $5.75/$6.00/ $6.25/ $6.55/$7.00
An ascending triangle is a chart pattern used in technical analysis .
It is created by price moves that allow for a horizontal line to be drawn along the swing highs,
and a rising trendline to be drawn along the swing...
