Located in a supply area
Liquidity is not enough to break the resistance and it is drawn towards the supports
Although we enter a position in the middle of the trend, it still cannot go up and gives us a low risk.
I expect this price to be pulled towards support and liquidity
So i suggest you draw the lines yourself and go back in time when price reached these levels to understand what its doing rn.
Red and Green dashed lines are volume zones (Basicly volatile zones that sell/buy) Sort of support
THe dashed white line is resistence zone created this afternoon
white full lines are support/resistence that were made a long time ago...
LOOMUSD crossed over the High of the previous Cycle (0.2650) and got ridiculously overbought even on the 1W timeframe (RSI = 91.375, MACD = 0.029, ADX = 42.981). However this doesn't necessarily mean that it can't go higher and even more so by a significant margin. The 1W MA50 will inevitably cross over the 1W MA200 next week and will form the first ever Golden...
$LOOM Network on the Feels indicator📈
Perfect practice, which brought profit. The entrance is green + fear. Exit orange zone. Right Now, this signal confirms the greed.#LOOM
By the way, I am thinking of introducing a rubric to publish a green signal, once in a while, if you like this idea, write in the comments
We have a strong Adam & Eve bottom pattern formed between June and September 2023, we also have a long-term higher low based on session closed for Loom Network (LOOMUSD) looking back to June 2022.
These two are major signals but that's not all.
LOOMUSD is trading above MA200 and EMA300, well, above all the moving averages and there is no resistance left.
This...
Loom Network (LOOMUSD) is on the 5th straight green 1W candle, with the last 3 weeks in particular being the strongest bullish sequence LOOM has seen since its historic All Time High on the week of April 30 2018!
Last week it closed the first 1W candle above the Bear Cycle's Lower Highs Resistance and the 1W LMACD sequences resembles the last strong rally of 2020...
LOOMUSD has seen in incredible rise during the last two weeks that just hit the LH trendline, basically the technical Resistance that is holding since November 2021. It is no surprise that the 1D timeframe is overbought but such parabolic rise turned even the 1W technicals overbought (RSI = 78.126, MACD = 0.007, ADX = 36.174). Keep in mind that this rise started...
Flip both the heavy horizontal AND the weekly 50MA at +$0.09 and we may see higher in the following weeks. Otherwise, both of these have played as heavy resistance for Loom.
The recent mini-pump from the CB listing may have been an exit pump. Stops are prepared. DYOR. This is a trading journal, not financial advice.
Loom has the potential to grow in this upcoming altseason
I see the above chart target as easy targets with each target you consider a correction afterwards.
On the graph we see a typical 95% fall down of the price after all time high, accumulation faze, higher low (sign of an upward trend beginning).
* This is not a financial advice.
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
Loom doesn't have a clear setup but it is finding support at this previous uptrend. with everything else looking decent, i can only expect this to bounce back towards .13-.15
