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LOOMUSDT trade ideas

#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/USDT It's need break the resistance for continue upward!💎 Paradisers, #LOOM is certainly catching attention as a potential coin to watch. 💎 It has successfully broken out of the descending resistance area, signaling positive momentum and an upward movement in price. 💎 However, it's encountering resistance around the $0.103 area, and the MACD support for bullish momentum a decisive break above this resistance is needed to confirm LOOM's shift to an upward trajectory, potentially leading to a test of our target resistance area. 💎 Should LOOM fail to break the resistance, there's a possibility it could retest the trendline area or find support around the $0.088 - $0.08 range to gather momentum for another attempt at breaking the resistance. 💎 If LOOM fails to bounce and breaks below the support level, the next significant level to watch is the demand area around $0.074 - $0.06. Historical data shows that LOOM has successfully bounced from this level before, leading to significant upward movement. Should history repeat itself, a bounce from this area could fuel a renewed bullish momentum. 💎 However, bullish invalidation would occur if the candle closes below the demand area, indicating a confirmed breakdown in price and potentially signaling further downward movement. MyCryptoParadise iFeel the success🌴
L
by MyCryptoParadise_Nathan
LOOM - Saucer Pattern - Long Trade #LOOM #Analysis Description --------------------------------------------------------------- + LOOM is forming a nice saucer pattern. This is a bullish pattern and we can expect the price to pump if the price breaks out from the resistance range. + As of now the price is below the resistance range, we need to wait for the price to hit the resistance range and then breakout from there successfully. + I'm expecting the price to breakout from the resistance in the next 2-3 days. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.11756 Stop Loss: 0.10708 ------------------------------ Target 1:0.12201 Target 2:0.12712 Target 3:0.13569 Target 4:0.14621 Target 5:0.16046 ------------------------------ Timeframe:4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
LLong
by VectorAlgo
3
✴️ Loom Quad-Bottom (Bottom Sequence, Pattern & Formation)We have the "everything bottom" signal coming off this chart, which is pretty interesting and fairly strong, easy to read. Loom Network (LOOMUSDT) 1) We have not a double nor triple but a quadruple bottom pattern. LOOMUSDT has been hitting the same price range since November 2022, a total of 4 times. 2) The bottom sequence goes as follows: First, a rounded bottom; Second, the Adam & Eve pattern. This sequence then leads to a bullish wave. 3) These patterns are happening individually within a higher low, short- and long-term. 4) Moving above EMA50 gives the final confirmation of the bottom formation, predicting a major bullish wave. Bottom, bottom, bottom, bottom... Once we hit bottom, the only place left to go is up. That is exactly what this chart says; LOOMUSDT is ready to grow. Namaste.
Long
by MasterAnanda
5
LOOM Signals Green: Buy Now, Thank Me Later!"**Fundamentals:** * **Platform:** Loom Network, a multichain interoperability platform designed to enhance scalability and affordability for Ethereum-based decentralized applications (dApps). * **Token:** LOOM, a utility token used for: * **Staking:** Securing the Loom Basechain (DPoS consensus) and earning rewards. * **Payments:** Covering dApp hosting fees on Loom Network (no gas fees for users). * **Governance:** Participating in platform development through voting proposals. * **Supply:** Max supply of 1 billion LOOM, ~1.22 billion circulating. * **Use cases:** dApp developers utilize Loom Network for various scenarios, such as: * **Gaming:** High-performance games with large user bases. * **Social applications:** Scalable social networks with millions of users. * **Supply chain management:** Real-time tracking and efficient data sharing. * **Finance:** Decentralized finance (DeFi) protocols with fast transactions. **Recent News (as of October 26, 2023):** * Loom Network rebranded as Chainsafe Systems, focusing on blockchain infrastructure solutions. * Continued development of Basechain, their interoperable blockchain. * Integrations with various projects and ecosystems. * Active community engagement through developer tools and resources. **Disclaimer:** Investing in cryptocurrencies involves inherent risks: * **Volatility:** Significant price fluctuations are common. * **Technological uncertainty:** The technology is still evolving. * **Regulatory uncertainty:** Regulations may impact the market. * **Security risks:** Hacking and scams can occur. **Additional Considerations:** * Conduct thorough research before investing. * Diversify your portfolio to mitigate risk. * Only invest what you can afford to lose. * Be aware of potential scams and fraudulent activities. Remember, I cannot provide financial advice or make recommendations. You should consult with a qualified financial advisor before making any investment decisions. I hope this information is helpful and informative. Please let me know if you have any other questions.
LLong
by MoonTradingForecast
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 looks clean… Breakout … Breakout Trading trend line breakouts can be a profitable strategy if done correctly. Here's a general guide on how to trade trend line breakouts: Identify a Trend : The first step is to identify a clear trend in the market. Trends can be upward (bullish), downward (bearish), or sideways (neutral). Draw your trend line connecting the lows in an uptrend or highs in a downtrend. Confirm the Trend Line : Ensure that your trend line touches at least two significant points (lows or highs) to confirm its validity. The more times it touches, the stronger the trend line. Wait for Breakout Confirmation : A breakout occurs when the price breaches the trend line. However, it's essential to wait for confirmation before entering a trade. You can confirm a breakout by seeing the price close convincingly above (in case of an uptrend) or below (in case of a downtrend) the trend line. Consider Volume : Ideally, you want to see the breakout accompanied by increased volume, indicating strong market participation and confirming the validity of the move. Set Entry and Stop-loss Levels : Once you confirm the breakout, set your entry point slightly above the trend line (in case of an uptrend) or below the trend line (in case of a downtrend). Additionally, set a stop-loss order to manage risk. You can place the stop-loss order just below (for long positions) or above (for short positions) the breakout point.
LLong
by Crypto-Adda_Official
#LOOMUSDT LONGLONG #LOOMUSDT from $0.1042 1h TF. The LOOM coin has currently formed a preload to the horizontal resistance levels. The daily trading volume has been increased. The local trend is upward - the lows are not updated, but the price is pressed to the highs, which indicates the strength of buyers. The basis for entering a deal will be an approach with trading under a cascade of levels and, as a result, an impulse breakdown with the removal of stops behind them.
LLong
by CScalp_EN