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Loomusdtrading

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 Break Alert! It's ready for continue upward movement ?💎 LOOM has recently experienced significant market dynamics, breaking out of a descending channel pattern after a perfect bounce from the Bullish OB area. 💎 There is a probability that the price will undergo a retesting phase at the trendline before continuing its significant upward movement toward our target strong resistance area. 💎 However, if LOOM fails to bounce during the retesting phase at the trendline, there is potential for the price to reverse direction and retreat downward, possibly retesting the Bullish OB area. 💎 The Bullish OB area has historically been strong enough to support LOOM's price, often resulting in consistent bounces upon reaching it. However, if LOOM were to break down below the Bullish OB area, it would signal a bearish turn, likely leading to further downward movement and potentially deeper lows.
L
by MyCryptoParadise_Nathan
4
🚧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
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
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