🚧Loom Network (LOOM) is ready to Fall at least ➖30%🚧
Updated
🚀The Loom Network (LOOM) project has grown more than ➕100% in the last week.
🧐Let's first see what Loom Network (LOOM) is❗️❓
🔘Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.
🔘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.
🔘In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.
🔘As such, they can easily integrate their applications with the outside world.
🔘The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.
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✅LOOM seems to have succeeded in forming an Ascending Channel.
🏃♂️Currently, LOOM is moving near the upper line of the Ascending Channel and 🟡Price Reversal Zone(PRZ)🟡.
🔔I expect LOOM to start falling from one of the 🟡Price Reversal Zone(PRZs)🟡, (most likely the first PRZ) and decline to at least the bottom line of theAscending channel.
Loom Network Analyze (LOOMUSDT), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🧐Let's first see what Loom Network (LOOM) is❗️❓
🔘Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.
🔘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.
🔘In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.
🔘As such, they can easily integrate their applications with the outside world.
🔘The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.
------------------------------------------------------------------
✅LOOM seems to have succeeded in forming an Ascending Channel.
🏃♂️Currently, LOOM is moving near the upper line of the Ascending Channel and 🟡Price Reversal Zone(PRZ)🟡.
🔔I expect LOOM to start falling from one of the 🟡Price Reversal Zone(PRZs)🟡, (most likely the first PRZ) and decline to at least the bottom line of theAscending channel.
Loom Network Analyze (LOOMUSDT), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
LOOM reacted to f🟡Price Reversal Zone(PRZ)🟡.Still valid.
Note
I expect LOOM will touch support line soon.Trade closed: stop reached
Trade active
Trade closed: target reached
Second 🟡Price Reversal Zone(PRZ)🟡 was able to hold the LOOM.Of course, I expected LOOM to start coming back from the first 🟡Price Reversal Zone(PRZ)🟡.
Note
LOOM was able to break the support zone and support line, maybe more dump.Note
😔It seems that LOOM has gone into hibernation and is moving in the form of Range.😔
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