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#LOOM/USDT 4h (ByBit) Ascending channel on supportLoom Network is sitting on 100EMA, seems likely to bounce back towards mid-line. ⚡️⚡️ #LOOM/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.2X) Amount: 5.0% Current Price: 0.233592 Entry Targets: 1) 0.223110 Take-Profit Targets: 1) 0.304470 Stop Targets: 1) 0.182440 Published By: @Zblaba $LOOM BYBIT:LOOMUSDT.P #LoomNetwork loomx.io Risk/Reward= 1:2.0 Expected Profit= +80.2% Possible Loss= -40.1% Estimated Gaintime= 2-4 days
LLong
by TradingOn
A Sturdy Rebound or a Fleeting Rally?As the October foliage adorns the crypto landscape, LOOM Network (LOOM) bursts forth with a robust rally, soaring over 300% from its September lows. The fervor around LOOM intensifies as futures open interest climbs to record peaks, encapsulating a bustling trading arena. With its price poised to touch approximately $0.185966 by October 4, a neutral demeanor envelops the market sentiment, reflected in a Fear & Greed Index rating of 48. The dance of digits paints a telling picture: - 1-Hour Range: $0.13 - $0.14, - 24-Hour Range: $0.13 - $0.14, - 7-Day Range: $0.08 - $0.17. Amidst this backdrop, a 1-day trading volume of $84.02 million and a market capitalization of $164.80 million stand as testaments to LOOM's burgeoning market presence. As the ranges hint at a potential consolidation, the substantial trading volume and solid market cap unveil an underlying vigor. As LOOM pirouettes at this market juncture, the next act could be momentous, either continuing the spirited ascent or pausing for a market re-evaluation. The stage is set with key price levels spotlighted: - Support: $0.13, the steady floor from where LOOM could spring forth. - Resistance: $0.17, the ceiling to breach for a continued ovation. In a market theatre brimming with anticipation, LOOM's performance is a captivating narrative of resilience amidst the volatile crypto act, waiting for the market's applause or critique as it unveils its next move.
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by MonoCoinSignal
11
Up 666%: Momentum Continues Amid Recent ListingsThe LOOM Network has been the center of attention in recent trading sessions, showcasing a bullish uptrend that's been particularly pronounced since September 19. After an impressive 509% price surge, LOOM is now trading around $0.2727. The listing announcements on LBANK and Binance futures platforms have likely contributed to this bullish trend, increasing the coin's visibility and trading volume. The image below shows a 666% change since September 1: Technical Insights: Fibonacci Retracement: Without diving into the exact numbers, the fib retracement levels suggest that we've recently surpassed significant resistance levels, pointing to a potential continuation of the upward trajectory if momentum remains. Ichimoku Cloud: The price action remains above the Ichimoku cloud, signaling a continued bullish sentiment. Parabolic SAR: Currently, the dots are below the price, suggesting that the bulls are in control. This typically acts as a support level, signaling a potential continuation of the upward trend. Bollinger Bands: Price action remains near the upper Bollinger Band, indicating strong bullish momentum. Traders should, however, be cautious of potential volatility. Volume Oscillator: A positive plot suggests that buying pressure is currently outweighing selling pressure, further confirming the bullish trend. MACD: The MACD line remains above the signal line, reinforcing the current bullish sentiment. RSI: Though hovering around the overbought region, the high RSI suggests strong buying momentum. Oscillators & Moving Averages: Oscillators are leaning towards a "Sell" signal, suggesting potential short-term pullbacks or consolidation. In contrast, the moving averages highlight a "Strong Buy" scenario, implying that the overall trend remains bullish. Conclusion: The technical indicators on the 4H chart, combined with recent news and developments around LOOM, suggest a continued bullish sentiment. While the oscillators hint at potential short-term pullbacks, the overall trend is promising. Traders are advised to keep an eye on key support and resistance levels, maintaining proper risk management practices given the inherent volatility of the crypto market.
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by MonoCoinSignal
2
Support zone: 0.12938-0.13514Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (LOOMUSDT chart) There isn't much we can tell from the current charts. However, the only thing is that the 0.12938-0.13514 section is the support section. Accordingly, please refer to the LOOMKRW chart below. --------------------------------------- (LOOMKRW chart) (1M charts) Since it has risen sharply above 83.5, support and resistance points can be identified. It is necessary to confirm whether the HA-High indicator can be generated with this increase. (1W chart) The box range is 75.0-300.0. However, the key is whether it can rise above 261. If not, you should check for support around 182-190. (1D chart) A volume profile section is formed at point 209. Accordingly, if the price rises to the 209-261 range and maintains the price, I think there is a high possibility of creating a new wave. If not, and it falls, you need to check if it is supported around 177-188. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
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by readCrypto
LOOM is risky for buyersThe LOOM symbol has been rising for some time and with its listing in various exchanges, especially in the futures section, its trading volume has increased and has become more bullish. But you should note that it is now in a resistance order block and the origin of a falling movement. If you are thinking of buying, you should be careful because if the approvals are issued, the price can change and move towards the green area. The upward momentum is strong and confirmation and triggers are likely to be issued before the fall. We have 3 big waves, as abc. Now the third wave, c, at the 0.718 fibo is wave a, which is a resistance zone. We also had two liquidity pools, which I marked with the $$$ sign, and these pools were also collected. We still don't have a confirmation or a trigger for the drop, but we are in an important resistance zone. This analysis will be updated soon
by behdark
1
LOOMUSD A rise the likes of which we've never seen.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 - early 2021. Based on that we should be currently on leg (c), which can extend all the way to the 2.0 Fibonacci extension, despite the presence of Resistance 1 (0.26900). Our target is 0.60000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LOOMUSDLong
by TradingShot
2
LOOMUSD: A scripted pump happened. Will it break the 2 year Res?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 after the token once again bottomed firmly on the S1 Zone, which has been the Bear Cycle's Support. Our trading approach is simple. If LOOM closes a 1W candle over the LH trendline, it will be a technical long term bullish breakout. We will let the price then exhaust the rise and wait for a firm pullback to the 1D MA50, which will be the buy entry. Then our long term target for Q3 2024 will be near the ATH (TP = 0.24000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LOOMUSDLong
by InvestingScope
3
Important volume profile section: 0.04709-0.0483Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (LOOMUSDT chart) A chart may be created with weak support and resistance points. (1D chart) However, the 1D chart has risen above the HA-Low indicator and the MS-Signal indicator, and the MS-Signal indicator is showing an upward trend. Accordingly, the key is whether it can receive support around 0.04534, the HA-Low indicator point on the 1W chart, and rise above 0.04798. The volume profile section of the 1M chart appears to be forming around 0.04709. The volume profile section of the 1W chart is formed around 0.0483. Therefore, in order to show a full-fledged upward trend, it is expected that the price will start to rise above 0.04709-0.0483. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
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by readCrypto
1
✳️ Loom Network 330% Potential Exposed (Name Your Altcoin #53) The best trades are those that make you money.
 The best trades are those that are successful. The best charts are those that move according to what you predict. If I see up and it goes up... If I buy long and it goes up... That's all that we need! A bullish breakout can happen after 1 day, 2 weeks or 3 months... We never focus on the timing but instead of the support and resistance levels. When a pair remains above our stop-loss it is always active. If it goes below, that's a loss. When it starts moving and hitting targets, that's a successful trade... All that is left is for us to collect profits and move to the next one. Endless opportunities available always so, if you miss one, another one will show up. We saw some great pairs doing 100%, 200% and even 300% in a matter of weeks, some even days... These are red now. After a strong bullish breakout or wave, a correction takes place. Here we have a new one. Loom Network (LOOMBTC). Long-term rising channel. Higher highs and higher lows since December 2020. That's all we need. Moving above EMA10 and EMA50 just now, this week. We consider the RSI strong above 30 weekly, this one is at 52+. If these signals aren't enough, LOOMBTC is moving above MA200 weekly, closing above it is really strong. The action today happens after a higher low. Higher lows will lead to higher highs and thus the targets/resistance levels become our goal. Easy, first, we have 116%. Mid-term, 330%. You can define your own risk, meaning, you need a plan to stop the trade if it goes wrong. Yes, the signals are good and going green but things can change anytime. Just make sure to never set a stop-loss order but instead do it manually... Because the cryptocurrency market is volatile and can produce wild swings. Your stop-loss can be hit/activated and the next day prices recover and grow. With a long-term manual stop-loss, you would have to see one or two weekly candles closing below your level before you stop a trade. If this criteria isn't met, you continue holding and the results is money saved. Namaste.
LLong
by AlanSantana
14