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Loom

LOOM - Heaven or HellDear Jumpers, Here is a very young coin. New listings can be very frustrating as it usually takes plenty of time to stabilise. In this case we saw a pretty solid Impulse up and a nice correction. Now we find LOOM in a falling wedge looking to break up. Please buy ONLY after reaching the Entry level and stay true to your Stop Loss T1: 8049 T2: 8967 SL: 6014 I will update as the coin moves. ---------------------------- I'm not a financial advisor, just a rabbit.
LLong
by BitRidersAcademy
4
Loom NetworkHere you have loom network, 15 minute candles. As you can see it already had a nice lil' run after getting listed on my beloved Binance and has now corrected down a bit, exactly to the 0.382. I usually don't enter a trade until we've corrected down to the 0.236 or 0.114 (5081 / 4583) and I wouldn't be surprised at all if we are still going to correct to that point. A break below the bottom line of the wedge, dashed in green, would confirm we are going to 5000 range. But as it looks now we are breaking out of the wedge and I could see this break to the upside. So I got in. I don't know nothing about this coin, no FA I kinda hope to get rekt, because of my entry on the 15 minute and how that is nowhere near my usual fundamentals. If anything I would advise against trading coins you know nothing about. The best trades combine TA, FA and a daily/4 hour chart :) Anyway, the target for this trade 11494
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by iera
2
LOOM NETWORK: LISTING ON BINANCE - 24 HOURS = 20.59% PROFIT!!!Our " Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 7th of May 2018. Using this buy in point and selling at today's price, you would have expected to net 20.59% PROFIT!!! The increase in price may also be explained by positive developments including: April 3: Loom Network SDK Alpha release April 5: Loom Network is mentioned on Korean TV. April 13: Plasma Cash is supported on Loom Network. April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese. April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains. April 20: "CryptoZombies Origins: What is Blockchain?" is released. April 25: RadarRelay lists LOOM Token. April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens. April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers. May 2: Binance lists LOOM Token. May 3: Withdrawal Fee for LOOM Token Reduced. (NEW) May 8: 2nd Loom SDK Project Announced: Neon District, a Blockchain-Based Cyberpunk RPG. The new exchange listings combined the announcement of the new Neon District RPG explains the increase in price.
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by CryptoTradeSignals
LOOM: 15min Chart- FIB lines all dayThis is why I love pulling FIBS from everywhere I can. You can spend all day trying to draw waves, but fibs are accurate and quick. Note the larger brown and black lines- they are Fibs over a longer time frame and usually have more support and/or resistance. You can see every spot the candles got caught were on previously laid FIB lines. In the areas where multiple lines converge together, especially with a larger FIB, you can expect more resistance and support. See how I used this to determine my buy (orange) and sell (pink) lines for a quick 5% profit.
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by infbp22
LOOM TARGETS FOR BIG GAINSLoom has been making big moves as there is a lot of hype around this coin, so big money can be made day trading this, if played right. I caught the first big ride up for a nice 30% gain in a day before I pulled out (New coins are always riskier plays, regardless of fundamentals). YELLOW BOX = High probability for a reaction there for a nice scalp. Not strong enough to find new highs in my opinion. BLACK TRENDLINE = Now we have more data on this coin, we can see we have created a nice pennant, so I will be long when we retrace down to this trendline, where i'll be riding it up to the top for big gains. REMEMBER THIS TRENDLINE IS CURRENTLY OUR STRONGEST SUPPORT SO UNTIL WE SEE BIG BULL VOLUME, BE WATCHING CAREFULLY. GREEN BOX = We may wick through the trendline into this green box where you can be sure the bulls will be strong to push it back up. This is also our last main support, so keep that in mind. *Not financial advice, only sharing my opinion and what ill be looking for at this point in time.*
LLong
by Etsua
2
[LOOM/BTC] LOOM NETWORK: A bullish & bearish Outlook LOOM NETWORK LOOM, recently added to Binance just last week, was a play I made far to late at night and to my surprise should have stayed in, because holy crap this guy has been exploding. ORIGIN STORY I found myself pulled into this one by lust for the gamble and greed. Once I was alerted that LOOM was being added to Binance, something around 3AM, I figured I would try to pull some gains from the volatility that comes with hype. Before I threw any money in this pit fire, I did what any decent person should do and did at least 2 seconds of fundamental research. IT WASN'T PRETTY --- BUT MAYBE I'M WRONG. However I'm not afraid to admit that I'm a completely flawed and imperfect human being that has caught myself doing the opposite of what I thought was the right decision. -------------- Loom presents themselves as: "The next-generation blockchain platform for large-scale online games and social apps." *loomx.io They focus primarily on DAppChains, full-featured blockchains that are built to run in parallel to Ethereum Smart Contracts. They’re an advanced form of Ethereum sidechains optimized for scaling data rather than financial transactions." With this they build games and social apps through the loom network. Thats all good and all--- BUT BIG RED FLAG! No whitepaper. Not even a blackpaper -c'mon corny? They preach "We don’t write whitepapers. We ship product." Cool.. Cool Cool Cool. However I was able to find some kind of loom network whitepaper from the past on google, and it wasn't jaw dropping in my opinion, if you want to take a look at it, here you go. -------------- THE LOST WHITEPAPER: solidityx.org -------------- My next issue, which I find is very common in this space, is that the entire team are all kids, with very little-to-no experience. -------------- Regardless of all of this, LOOM has been making MASSIVE gains and as I'm a retail investor with a slight lack of shame, I don't really give a shit about fundamentals if I'm not investing, I just like making gains. I'm not the most important person in the world and if people like an asset, then they like an asset, I'll go on a train ride with them - No problem! So here we go, I've got a BULLISH ON TOP OF A BEARISH CORRECTION WITH MOST LIKELY A DOUBLE BOTTOM PREDICTION. I could see this thing going either way, however because of the bullish sentiment that this coin has been experiencing, I am leaning further on the bullish outcome for this asset. CURRENT PRICE $0.657461 USD (21.01%) 0.00007015 BTC (23.55% Market Cap $381,185,616 US / 40,672 BTC Volume (24h) $49,191,200 USD / 5,249 BTC Circulating Supply 579,784,376 LOOM Total Supply 1,000,000,000 LOOM (57.97%)
LLong
by dansharp
2
LOOM/BTC 1H WAVE III Heads up lads. I believe we just finished Wave II correction (red arrow), as we touched 0.618 fib retracement and then bounced off of it. Now it seems like we've started - the Major Wave III - the wave (1) - minor wave 1 and minor wave 2 which I believe is also done correcting nad now we are heading towards minor wave 3. Targets for the minor wave 3: 1. Blue - 1:1 2. Green - 1:1.618 Looks like we've also found decent support on the 8MA (BLUE) and now testing 21MA (RED) for another support.
LLong
by Cryptoparrot13
6
LOOM: Quick scalp trade from earlier today- 15 minute chartHello hello! I've been playing around with my own version of scalping for the last couple days and pulled some decent profits. This is highly NOT recommended unless you have your risk management and emotion in check. As yo ucan see, I go crazy with the FIBS. I pull the main ones off the daily and 4 hour charts, and also do them for the 15 minute and even 5 minute chart movements. Yo ucan find patterns like consistent retracements to the .618 FIB or constent rebounds of up to the .382 FIB if you reverse it (examples only.) I always look for RSI in the dumps and small divergence as a main indicator. Also, as noted on this chart, I also look for strong support for RSI in the mid range of the chart, so you don't have to rely on RSI dropping way below 30 all the time. In this case I bought when the bears tried to push below the FIB and it was rejected into a hammer-ish reversal candle. I sold at the resistance I had already mapped out from all the FIB pulls from earlier. This was a bigger order, about 5% gain in a short time with a 1% stop loss. Let me know your thoughts. Luck or logic? ;) ROOKIE trader; Follow at your own risk! -Solid horizontal orange line: I bought at that price -Dotted horizontal orange line: mock buy, not in the trade yet -Solid horizontal pink line: Stop loss/sell implemented -Dotted horizontal pink lines: Targets
LShort
by infbp22
2
LOOM NETWORK: LISTING ON BINANCE - 24 HOURS = 43.01% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 3rd of May 2018. Using this buy in point and selling at today's price, you would have expected to net 43.01% PROFIT!!! IN 24 HOURS. The increase in price may also be explained by positive developments including: April 3: Loom Network SDK Alpha release April 5: Loom Network is mentioned on Korean TV. April 13: Plasma Cash is supported on Loom Network. April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese. April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains. April 20: "CryptoZombies Origins: What is Blockchain?" is released. April 25: RadarRelay lists LOOM Token. April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens. April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers. May 2: Binance lists LOOM Token. May 3: Withdrawal Fee for LOOM Token Reduced. The new exchange listings combined with the uptrend in prices from the general crypto markets can explain the increase in price.
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by CryptoTradeSignals
1