Loom Network Hits Support... Next Target (75% Mapped)
Loom Network (LOOMBTC) has been growing since the mid-May low printing higher highs and higher lows.
The last jump peaked at 0.00000456 with a bounce taking place at 0.618 Fib.
Hitting this support level, the 0.618 Fib. retracement support can signal the end of the retrace...
We stay strongly bullish above this level.
If LOOMBTC can stay trading above 0.00000263, we can expect our next target to be hit.
For a 75% jump, we are aiming at 0.00000528+
This level is marked with a magenta dashed line on the chart.
A stop-loss can be set at a daily close below 0.00000246.
This is not financial advice... Patience is key.
Namaste.
The last jump peaked at 0.00000456 with a bounce taking place at 0.618 Fib.
Hitting this support level, the 0.618 Fib. retracement support can signal the end of the retrace...
We stay strongly bullish above this level.
If LOOMBTC can stay trading above 0.00000263, we can expect our next target to be hit.
For a 75% jump, we are aiming at 0.00000528+
This level is marked with a magenta dashed line on the chart.
A stop-loss can be set at a daily close below 0.00000246.
This is not financial advice... Patience is key.
Namaste.
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