LooksRare (LOOKS) wait breakout --> 🔥LooksRare *LOOKS Token* looks good :)
Resistance and support levels
wait breakout to buy 2% margin stop loss
LOOKSUSD trade ideas
LOOKS bullishive got some staked
id personally prefer it revisited the 1$ region so i could accumulate more
but see how we go
might get a short rejection from the ema200
back down to 1.28 or 1.14
these entrys would be nice due to their easy invalidation levels
Looks 👀 #WETH #ETH #LOOKSRARE #LOOKS #NFTBags still heavy, but not looking so bad, see if we get a weekend pump to $2 Looks to be finding base at the $1 region, long term hold for WETH and LOOKS.
LOOKSUSDIF
not financial advice
but
classic crypto psycology on display
opensea doomed in the long run imo
doesnt mean looksrare will win as nfttrade and others trying for their slice of market share
but this is the only one thats gone public/dao
and the gas fees/ secure smartcontracts imply this one will do well on the eth network nonetheless
imo this is where you accumulate and farm
wait for next hypecycle to distribute
Found my new bear market bagNot my best trade, still receiving close to 200% APR and will keep adding looks over the bear period. We've seen plenty of useless coins do 20-50x during ape season. Will keep stacking WETH, LOOKS and buying NFTS until then.
Looks Rare May be on Verge of BreakoutFor new tokens like LOOKS, I tend to take a cautious approach when identifying a point of entry. Especially after the beating it has taken recently. As you can see from the chart, the price has moved above the descending channel on the 4 hour chart. To affirm my analysis I also noted the following:
I created a custom indicator that compares the current symbols RSI to the relative strength of the market (Bitcoin). As you can see from this plot, the RSI for LOOKS is coming back in line with that of Bitcoin. This indicates that the selling pressure has diminished. On the 1 hour and 2 hour charts, this indicator has exceeding Bitcoin which indicates that the increase in price, as a percentage, has exceeded Bitcoin.
The Looks Rare site recently cancelled it's liquidity program through Uniswap v2 distributing a massive amount of tokens to liquidity providers. In addition, they also implemented stage 2 of their staking program which cuts the staking rewards distributed by one-half. We should expect less pressure on the sales price due to these changes.
Overall, this presents us with a good entry point for LOOKS assuming it is a token you are interested in. I expect the price to reach levels in excess of $4.00 within the next month.
looksraredouble bottom and bullish cfork started
eventually this thing should be bullish as it should be comsuming market share from opensea/hacks and cheaper gas
nfts still in smartmoney phase etc
stake it and earn compounding looks aswell as ethereum on looksrare.org
LOOKStrying reversal play again on this one..
bullish cfork
targetting .236 fib
sl at the 0
think its like a 3.83rr
LOOKS like our entry is coming soon ;)LOOKS like you should probably watch this video. People will probably chase this but hey now ya know.
LOOKSRARElooks token, shilled incessantly on twitter for a few months and its finally capitulated
printing a bullish divergence with the OBV and RSI
preeeetty sure thatll be the bottom in there
as the usecase for this is real and gas fees on opensea are fkt in comparison
150% back to the .618
it was an airdropped token to beginwith
so the profit takers appear done here
bullish from here imo
#LOOKS Rare "Has the euphoria worn off? FEB tough month#LOOKS Rare "Has the euphoria worn off? FEB tough month!
The ongoing competition between #opensea and #looksrare may be waning. Recent market activity details 7-day transaction levels at the $800.0M +/- range with #opensea boasting 195,000 users vs. #looksrare 8,920. Volume levels may be indicative of ongoing interest in rewards base trades.
Last relevant lifeline for LOOKSThe combined efforts of art lovers couldn’t help $LOOKS. It just created a lower high and smashed the last big support.
Looks 👀full retest after dumping on rewards cut, still rocking 400% APR has now reclaimed both supports. Send it.
LOOKS RARE: Looking prepped for an explosive move upWith LOOKS being a rather new asset, the 4h chart seems to be the most high term timeframe that's sensibly usable, so that's what I'm basing this off of:
Momentum:
Multiple drives bullish divergence on wave trend and RSI
Stochs have curved upward from lows and stand erect
Volatility:
Volatility extremely low
Trend
Multiple higher highs and higher lows
With LOOKS being rather low-cap, this seems to be a good opportunity for a long that can move up rather quickly.
The red line is my best guess for where the first significant resistance and then support level would be. It's not as obvious that it will indeed curve up again after finding support, but the immediately upcoming move is likely to be up.
Hey good LOOKing$LOOKS:
Parabolic growth of interest in NFTs
OpenSea killer, well placed to become the dominant marketplace
Massive incentives for early adopters to HODL
Funding is paying me $140 per hour, 24/7
$100 by the end of the month, then I retire from leverage trading forever
There's a small possibility that I'm overly bullish on this, maybe don't YOLO your life savings on it
Looks/USD The Optimistic View. If Looks-Rare can take over a significan share of OpenSeas Market cap and other Competitors take as much new customers in as they get their cake.
LOOKS looks breaking down to $2 seems very likely.. however if this breaks up out the pattern i expect a 30-50% rise before more downside..
$looksrare not just a flash in the pan #opensea competitor #NFTFor much of 2021 OpenSea was the market leader in the nascent NFT space…trading volume in several sought after projects serve to ensure that the revenue generated as well as venture capital interest increase. Most recent reports points to a 300.0M raise pushing value to $13.0B +/- one wonders why the need to raise cash if you are sitting on a cash machine. But that is the story for another time. Yet while the good times roll…OpenSea committed the #1 faux pas…failing to provide a support base for its stake holders.
see review on substack
