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LOOMUSD

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/BUSD PRICE ACTIONHi folks , There could be a entry opportunity for guys , 1ST: If it come back to support area ( 0.063-0.065) and reject to break the support , then you can enter. 2nd : if it break the current resistance then you can enter when it come back to retest it . TPs are in the figure Please buy into parts and if you will get into some profit , you can close it or can move your stops to breakeven Please like my idea and follow , In past 3 days I gave 2 signals Vidt/usdt - 26% profit ( in hours ) Fida/Usdt - 30% profit ( 2 days )
LLong
by Ahmedchaudhry1
Loom Network (LOOM) - March 29Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- ** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward. (LOOMUSD 1D Chart) The keypoint point is point 0.0901. Therefore, it is important to find support in the 0.0901-0.0951 interval. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
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by readCrypto
░▒▒ LOOM FORECAST | 3HR ▒▒░COINBASE:LOOMUSD CRYPTIK-ONE: Hello my dear. Can we talk about Crypto for our TradingView.com profile? EVE: If you like. Though, I assume it will be the same boring conversation we've had a thousand times before? CRYPTIK-ONE: Actually not true. As you know I have been trading(/experimenting) with other ALT coins. So this is not the usual Bitcoin conversation. EVE: OK I'd like to hear something new. CRYPTIK-ONE: LOOM as in Loom Network. It's a coin used for DAPP Development/Developers. EVE: Yes, I vaguely recall you mentioning that name before. CRYPTIK-ONE: As you can see from my chart my forecast calculations are showing a 26% gain. EVE: I see you've found a low volume breakout first. Though I fear it's a pump and dump so I'm hesitant. CRYPTIK-ONE: Your fears are always warranted however this one is legit. It has been around since 2018 (so 4 years now). I only have one issue with this coin. EVE: What's that? CRYPTIK-ONE: 24hr volume on CoinBase is only 2.2M I could barely get a fraction of our Order filled and it's clear I will barely be able to get it sold. Without a bot breaking augmenting the trade then manually it's going to be tough to get rid of our stack as we are already a couple hours of trading volume. The spread is only 1 cent however the volume is just not there to meet the order. I am going to have to hedge out of before the top, so hopefully people scramble to buy-in in hopes of catching the top (allowing us to get out). EVE: It may be there you just have to look harder. How are you going to hedge? CRYPTIK-ONE: Going to hedge by breaking up the stack into smaller trades and trading on the way up. Like a ladder. Little by little selling off on the way up. EVE: I think that's a good idea. I don't want you to sell at the top only to watch the correction come and you are stuck with what you have left which would be more than you otherwise would have had if you sold it higher up the ladder. CRYPTIK-ONE: True. We could easily buy the daily volume on this but it's too risky being the whale. I would rather find an ALT with a higher daily volume and lower than $0.20 price. Something we can pop a quick sale in. Honestly Cardano (ADA) at 89M Daily Volume is probably where we want to be, or not much lower as sometimes if volume is lower our orders are still split up to be sold and can take a minute. So from my assessment we should be trading only 10M Daily Volume per $0.10. So if a coin is at $0.20 the Daily Volume should be at 20M for our trades to go through. This way we can ensure we will be able to keep buying bottoms and selling tops. EVE: I think Cardano would actually be a good hedge for Loom. Both coins have been going up steady and Cardano has had drops where it makes good buys. And Cardano may act as the buy side for the higher amount of volume you prefer. CRYPTIK-ONE: I believe you are right my dear. I will stick with Cardano for a while too and then buy in for another ALT at a good Daily Volume/Price ratio. BTW I bought the market on OXT too. So I gotta get out of this one also. EVE: That's not bad because it has been going up so you're good with that coin. CRYPTIK-ONE: Yes, however we own 3 hours of daily volume. EVE: That's a lot. CRYPTIK-ONE: Right. So I am going to get out of these. Hedge out with that ladder plan and then buy something with more volume. EVE: OK, sounds good. Let's chat about that later. I'm watching the charts. Also, the market is pumping (not sure why) so I think we should get out of XLM now and take the profit. CRYPTIK-ONE: OK, lets wait for XLM to come up a little more, it hasn't started moving back up yet. BTW I am looking into AMP too. EVE: OK cool. I think we should wait and see. However it is a little high, maybe you are right and we should wait some more. CRYPTIK-ONE: Yes gains are way too small on XLM. Let's wrap up this conversation at that. Anything to say to our friends/followers before we go? EVE: Er, no I guess not. CRYPTIK-ONE: Fair enough. Can you let them know who the best trader on all of @TradingView is? EVE: That's you! CRYPTIK-ONE: Peace Out Girls Scout. EVE: Peace Out.
LLong
by CRYPTIKAL_ENTERPRISES
5
LOOM/BTC 370% +Potential profit on Spot.LOOM Broke out of the long-term triangular pattern. Consolidated for almost 457 days this coin has been showing signs of some potential pump. Looks like a good trade and a must-have coin in your portfolio. Entry:- 187 to 215 sats Target: 100% to 370% Stop loss:- 166 DYOR before taking this trade. Let me know if you have an altcoin that you think could do goo din the next few days. If you like it, do hit the like button and share your views in the comment section. Thank you #PEACE
LLong
by Cryptorphic
3
LOOMUSD Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
LLong
by hadimozayan
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