A lot of alts have been reacting very well to daily support and resistances. Loom is having a small pullback to a recent resistance turned support so we are looking to capitalize on the potential liquidity pool in this zone.
LOOM Network (LOOMBTC) has generated good profits for us several times and it is showing signals of more.
- We have a full green bullish candle.
- And a bullish RSI.
- It has been creating higher lows since its low point on Mid August 2018.
- Expect additional bullish action from this altcoin.
Recent LOOMBTC trade:...
Update on $Loom, Retested EMA50 & pushed up as expected. Reached EMA100 (around 40% from the Buy signal from the UCTS) & now is doing a pullback following current market conditions (btc drop). Anyway RSI &MACD looks strong, Volume is also nice. Please remember lock profits! #LOOM
As you see Loom has a strong move to the upside , following the mainnet and staking protocol in place. but it seems that it might be running out of steem for now. it looks like its forming a head and shoulder that will continue to the down side for a retracement.
i'm in a position right now but looking for a good exit in the next few hours. THIS NOT FINANCIAL ADVICE
Loom network is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum. What a promising idea it has! As in a technical view many many golden crosses in EMA line happened. Also sell power is very low. 1309 then 1401 are in play in case of breaking that ascending triangle in...