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Loomnetwork

Loom / BTC to break 1k sats!Hello traders, As you can see from the chart, we had a pull back from our local high of 436 sats down to the .236 fib which has shown a strong reaction to likely marking the bottom. As we begin to head higher I think it's important to look at the big picture for potential targets of this move. As we look left on the chart we notice there's some nice correlation with the 2.618 fib level and a potential rejection level likely marking some significance. I believe this next leg up will go over 1000 sats. To put this in dollar terms, if BTC is at it's current price level (about $55k), we'd likely seem $Loom around 60 cents! This is not financial advice, do your own research. Cheers!
LLong
by lolimssulose
LOOM/USDC, MORE LONGS!Hello all, Loom has made new highs and is currently on an overbought RSI on the 4hr chart. I point out areas where the RSI has been overbought on the 4hr chart; I am posting areas of interests I like as to where to add more longs if loom takes its breather. Use fib and follow the trend. I am not a financial advisor, the charts and content I post are simply of my opinion based on technical analysis and information I read and listen too. Good luck to all and trade safe!
LLong
by ThreePillarsTrading3
LOOM/USDC, MORE LONGS :-)Hello all, LOOM/USDC is looking to go higher in my opinion. The Daily Chart shows LOOM slightly under the overbought RSI and the Hourly Chart shows that it has formed an apparent bullish pennant. Look for the breakout from the pennant on the Hourly Chart. Like I stated on my previous idea on LOOM, I really believe LOOM will make new highs and keep going as weeks and months pass. I am not a financial adviser, this idea like many others are of my opinion. My charts are based on technical analysis and information I read and gather. You all make your own research on the different crypto and forex pairs to better your knowledge. Thank you all and good luck!
LLong
by ThreePillarsTrading3
3
LOOM Continues Strong Consolidation!I'm holding a LOOM bag on CoinbasePro. As you probably know, Coinbase will be one of the last exchanges to complete the token swap to LOOMX, and they have stated it will happen "at a later date sometime during 2021". So keep that in mind for this analysis. Since about the 5th of January, we have watched LOOM progress within the parallel trading channel that I have depicted on my chart. A lot of LOOM holders were expecting a major breakout on February 1st, the date of the supposed token swap. For more info on what the token swap is all about, check with the LOOM website. But as we know, the 1st of February has come and gone, and we have not seen the predicted breakout. But this is not disappointing to me, and I'll tell you why... The longer we see the price line bounce around within this parallel trading zone, the better. If LOOM holds above the rising base line, I have no worries at all, and I'll patiently wait no matter how long it takes for CoinbasePro to execute the automatic token swap to the new LOOMX tokens. Reason being, the longer we stay within what I believe to be a consolidation zone, the stronger the price breakout will be. Personally, I'm looking for at least a 4X or higher bounce once this technical progression comes to a head. That's why I see no reason to rush. I have been accumulating since 0.023, and you know that I've already flipped LOOM in the past for a decent profit if you've followed my posts. However, I'm not swing-trading this token anymore. I think it's best to sit on it until it makes a move. If you have been watching the "USDC Gold Mine", as I like to call it, there has been a lot of powerful movement and explosive breakouts with the projects within this pairing group on CoinbasePro. I love them all, and hold a bag of MANA, DNT, CVC, & GNT. I sold my bag of BAT, but I will probably jump back in and ride it before it breaks out again. Right now, I see LOOM as having the greatest value of all the projects within the group. With 1B coins in the max supply and only 833,914,552 in circulation, I don't find another project available from any US-approved exchange that has similar value. So that's why I'm gambling on this one. As the price continues to fluctuate within the parallel trading channel, I'm watching for the price that the stochastic peaks and valleys returns. At the stochastic dips, if we keep getting a higher base price, we are golden. Add to that the fact that the On-Balance Volume appears to be showing us that the big fat cats are steadily accumulating, as the OBV line keeps on leveling up. If we don't see a dump on the OBV line, we could be in for a ride when this puppy finally breaks out. Take this with a grain of salt, and don't go emptying out your little bank accounts just because I made this glowing post. Do your own research, or run the risk of ending up in the soup line. Nothing is guaranteed in this crazy world of crypto. "That being said" (and I HATE that overused phrase), what are YOUR thoughts about LOOM, the token swap, and the future price potential as we head into alt season? I'd love to hear it! Carlton Flowers THEE CryptoPro of crypto pros
LLong
by carltonzone
2
Loom/btc nice move from key support as expected more to comeLoom/btc On 2 October i posted idea about loom btc best buy area and potentially bottom at 173sat You can see here the idea : Price dropped there as expected and pumped more than 24% from 173sat and never touched our stop 169 Last few days we can see volume start to enter and and buyers come with strong so I still expect it to grow more ..we just need btc move sideway and dont dump If you entered in our best buy area you should sell some and set stoploss at entery Next targets shown in the link above 246 sat 304 sat 373 sat Good luck
L
by Babenski
3
LOOM/BTC Local Bottom at Key Support? (+95% Potential Profits)Hello Traders, As we can see here on the daily time frame for Loom Network (LOOM) on Binance, there may be a potential breakout from the falling wedge being printed since the peak of the last bullish wave. As we can see, LOOM peaked around 450 satoshi on its last rally. After a massive correction, prices are now trading around 200 satoshi. We can see prices trading near support (blue boxes) and breaking above the 10 and 21 EMAs, indicating a potential reversal into an uptrend. Prices can easily move up to the 50, 100 and 200 EMAs next.The MACD also gave off a bullish cross a few days ago, and the RSI is now above 50 while increasing steadily, both bullish signals. We also have some large buy volume on the most recent green candles, adding to the bullish sentiment. Keep your eye on this coin because if it can rally again, there will be massive growth. A potential short-to-mid term trade setup now could be: Entry: 200-220 Support: 160-180 Take Profits: 1 - 244 (+15%) 2 - 287 (+36%) 3 - 319 (+51%) 4 - 412 (+95%) Share your own thoughts and comments down below. Also, leave a like if you liked the post and follow me for more ideas! Price at writing: 208 satoshi.
LLong
by PS_TopDollarInvestments
1