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LOOMUSD

LOOMUSDT | Trendline Break Signals Potential Upswing!!LOOMUSDT has recently broken the trendline, signaling a potential big upward move. While we anticipate this bullish momentum, a small correction could occur before the price takes off. Stay alert and trade safely! LOOMUSDT (1D Chart) Technical analysis LOOMUSDT (1D Chart) Currently trading at $0.06 Buy level: Above $0.056 Stop loss: Below $0.046 TP1: $0.07 TP2: $0.085 TP3: $0.1 TP4: $0.13 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
#LOOM/USDT#LOOM The price is moving in a bearish channel on the 12-hour frame and is sticking to it well The price rebounded well from the lower channel border at the green support level 0.0700, where some correction is expected. We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 0.0770 The first target is 0.09280 The second target is 0.1100 The third goal is 0.1261
LLong
by CryptoAnalystSignal
🚧Loom Network (LOOM) is ready to Fall at least ➖30%🚧🚀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. ------------------------------------------------------------------ ✅ 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 the Ascending 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.
LShort
by pejman_zwin
62
LOOM - Is this the time to be long?Dearr my friends, Prices have moved down very quickly. Sales volume is very strong. They sold everything. Everything always has rules. When you throw an object really hard, the rebound will also be huge. RSI has shown exhausted selling pressure. I will place a buy order here. I believe there will be a recovery and retesting of important areas. This opinion is based on what I see and my subjective thoughts. Please be careful when entering orders. Best Regards,
LLong
by DragonCaoB
Is Loom Network Heading for a Dump? The price of LOOM has skyrocketed by 542% in just a month. However, there's a rising trend of massive token transfers to exchanges, prominently by big players and the developer team. A notable example saw 12.6 million LOOM, totaling $3.48 million, being transferred to Coinbase. Moreover, Upbit currently houses more than half of all circulating LOOM tokens. These activities could be preludes to a price tumble, but those considering short positions should be cautious; Upbit traders often move against general market anticipations.
LLong
by DEXWireNews
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.
L
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.
L
by MonoCoinSignal
2
LOOMUSD On course to test the All Time High.LOOMUSD crossed over the High of the previous Cycle (0.2650) and got ridiculously overbought even on the 1W timeframe (RSI = 91.375, MACD = 0.029, ADX = 42.981). However this doesn't necessarily mean that it can't go higher and even more so by a significant margin. The 1W MA50 will inevitably cross over the 1W MA200 next week and will form the first ever Golden Cross on the 1W timeframe. That is an incredibly strong bullish signal on its own but coupled with the 1W MACD which shows us that we are potentially around February 8th 2021 in relation to the parabolic rally of the previous Cycle, we can realize that this rally still has fuel in it. We are still long, targeting near the ATH level (TP = 0.7000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LOOMUSDLong
by InvestingScope
6
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. ---------------------------------
L
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