Loom is ready to boom!
We have three really strong candles in the past few days for LOOMBTC which points to a change of trend.
Our most basic signal to gauge the potential of a pair is when we look at EMA10.
When prices are below EMA10, we see the potential leaning towards the bears.
Above EMA10, we have bullish potential.
Two days ago LOOMBTC managed to break...
Hello everyone, here a technical analysis of LOOM/BTC. The scenario of dropping down is more likely happening than rising, although both opportunities look good. There is always a opportunity above the current price and below. Trade wise!
Following a spike in volume two days ago, going long on a 4H breakout after a long consolidation shown in the daily and a strong support that held for long.
No exit target set for now. But if you have any set, feel free to share your insight.
Long LOOM/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at...
AN erc20 token from ethereum.
The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.
Rank...
$Loom had a nice pop off the low and retraced on a 3 wave ABC finishing on the .618 fib (beautiful retrace), bullish divergence building on the 1h time frame, I expect a nice reversal moving forward and the BTC pair low looks to be in, now is a great time to enter as I expect this move to over 4x from 250 sats,
Not financial advice, do you own research
Cheers!
Hello traders,
As you can see from the chart, we had a pull back from our local high of 436 sats down to the .236 fib which has shown a strong reaction to likely marking the bottom. As we begin to head higher I think it's important to look at the big picture for potential targets of this move. As we look left on the chart we notice there's some nice correlation...
Loom has had several issues with development if I am not mistaken, but they recently made a pivot or something like it. It is also an L2 on Ethereum which have been doing well recently, although MATIC is gaining most of the traction. However when you look at let's say DNT, CVC, MANA, GLM... They were all small at some point, they weren't on Coinbase Pro and then...
LOOM moving close to old support (dashed magenta line), that turned into resistance.
If weekly candle close above resistance, than LOOM pump hard.
Targets on FIBO
