For this idea, I have used the 1D time frame, because I wanted to point out how perfectly the price of this pair moved after breaking out the falling wedge.
If you take a look at the chart above, you will see that the price hit the all-time low, and, then the price has started to move up.
-price hit an all-time low around 213 sats (...
Looks Loom is gearing up for some massive move! RSI triangle broke and already tested! Volume almost 0! We are also on the edge of the down channel what indicates momentum is trying to shift! You can see three drives of bullish of divergence! No targets this time but 200 sats is absolutely possible!
Keep an eye on Loom! :)
Loom Is Ready To Boom! or so the charts are saying.
We are now looking at Loom Network (LOOMBTC) on the daily (D) timeframe.
Each candle is worth 24 hours.
Prices for LOOMBTC closed above EMA50 and EMA100 yesterday... So today momentum is starting to build up.
MA200 at 0.00000255 is being challenged today. To conquer this level, the daily candle must close...
Reclaimed, tested and pushing up from ~220 sats level..
Volume starting to show up but current market is heavy dependant on what BTC does..
UCTS turning green (Buy) on 1/2H chart but nothing above it yet..
If continuation happens, ~260 sats as target (15%)
Hoping that daily support holds for another leg up into resistance.
TP 1: 0.00000275
TP 2: 0.00000325
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