Long
LOOM Breakout 1H Timeframe Bullish
Loom got a Structure Breakout of the 1H timeframe. We expect a strong resistance around the area 0,048 - 0,05. MACD signal just crossed, confirming the signal. With the demand increasing in the last couple of days for alt coins, expect a bullish move in the next couple of the days.
Note
Market have been following this uptrend idea and managed to break the 4H Timeframe resistance, increasing this bullish sentiment. The next strong will be seating at the range 0,052 - 0,55.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.