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.
LOOMUSDT trade ideas
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.
LOOM COIN PRICE ANALYSIS AND NEXT EXPECTED MOVE NEAR ME !!Explanation :-
• Major indicators on All timeFram charts..
.1D, 1W &4H Look Overbought.
•Price almost surge upto 550% in a month
but we did not see any major updates from this token Team...
Its Mean its a manipulation by whales..
• Yellow lines are resistance ..
And white Bars &green lines are support area.
• Soon Blood bath Expected ...if you are holding any Position in Long Then close it Now 🤝.
• Support , Resistance & Remaining everything is clear on a chart...But remember without SL Don't Take any trade on it.
LOOM double topLOOM did double top on 15mins TF… wait for the neckline to breakdown before entering short on it…. Don’t force it
Follow for more market update
Support zone: 0.12938-0.13514Hello?
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(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.
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(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.
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** 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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$LOOM Loom's Rising Channel... Bloom or Doom?$LOOM'S price action has been on a tear for weeks as price has only moved upwards...
Currently price action is in a rising channel. Will it rise higher or break downwards?
#Loom can retrace to Lower prices: 0.17, 0.15, 0.13 , 0.11 OR
Price action can continue to newer heights: 0.20, 0.23, 0.25
Current price: 0.19
Loomusdt ready to fallPumps are enough, it's time for shorts
Entry: 0.223
Tp1: 0.18
Tp2:0.15
2x leverage
Sl: 0.26
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
LOOM Bearish divergence LOOM UPDATE: Firstly, I want you all to know that this is Bybit future chart…. On 4hrs TF we are creating this massive rising wedge with bearish divergence and swing high… In my opinion we might see a little correction to the small rising wedge support zone at 0.1954 before further pump or losing 0.1954 will trigger me to short from there to nearest support at 0171736….. be caution ⚠️
Follow for market update
$LOOM $BTC fractal big run??the markets often play the same fib levels on al time frames ($LOOM CRYPTOCAP:BTC ) fractal is a big run coming??
Tippled Bearish Divergence This pattern could mean the top for now and we can go back down to 0.12-.01 for a retest before moving up higher. Of course this could also break to the upside around 0.23 if it breakout of the RSI divergence
#LOOM/USDT is pumped hard in 30-Minut TF!#LOOM/USDT is pumped hard in 30-Minut TF!
$LOOM will retest the PDH $0.01445. It is breakdown and retest this level, open Short position.
If it retests and bounce open a long position.
#LOOM/USDT is at major resistance level in 1-Hour TF!#LOOM/USDT is at major resistance level in 1-Hour TF!
$LOOM is looking good for short. Funding rate is -2.5%. So be careful with your position.
LOOMUSDT - Bullish Trend The cryptocurrency has started a good bullish trend. The balance shows it in the top gainers. There is no divergence. Let's hope the trade goes as planned on the chart.
Loom After Hitted Stoploss In Just One Candle, We BuyLoom Coin Fundamentals
Loom Network is a decentralized scaling solution for Ethereum that enables developers to build scalable dApps without sacrificing security. Loom Network uses a unique architecture called Basechain and Sidechain to achieve this. Basechain is a security layer that is responsible for validating transactions and maintaining the state of the network. Sidechains are application-specific chains that are connected to Basechain. Sidechains can process transactions much faster than Basechain and can be tailored to the specific needs of each dApp.
Loom Network has a number of advantages over other scaling solutions. First, it is very secure. Basechain is secured by the Ethereum network, which is one of the most secure blockchains in the world. Second, Loom Network is very scalable. Sidechains can process thousands of transactions per second, which is much more than Basechain can handle. Third, Loom Network is easy to use for developers. Developers can use the Loom SDK to build dApps that are scalable and secure.
Recent Loom Coin News
Loom Network Launches Loom SDK 2.0: On September 15, 2023, Loom Network launched Loom SDK 2.0, a major update to its development kit. Loom SDK 2.0 makes it easier than ever for developers to build scalable dApps on Loom Network. It also includes a number of new features, such as support for EVM smart contracts and a new developer portal.
Loom Network Partners with Chainlink: On September 12, 2023, Loom Network announced a partnership with Chainlink, a leading provider of oracle solutions. This partnership will allow Loom Network developers to access Chainlink's network of oracles to securely and reliably connect their dApps to real-world data.
Loom Network's PlasmaChain Alpha Test Goes Live: On September 10, 2023, Loom Network launched the alpha test of its PlasmaChain solution. PlasmaChain is a new scaling solution that will allow Loom Network to process millions of transactions per second.
Disclaimer
I am not a financial advisor and this is not financial advice. Please do your own research before investing in any cryptocurrency
Loom Way To Back Home??Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
LOOM SHORT+ LONG HARMONICS IDEAI can see this kind of Harmonics move to the upside, and when we have this case, then I would see a short opportunity from the top, tp1 would be on the middle of the range, tp2 bottom of the harmonics. And from the bottom i would long.
Loom After the First Succsess we Have Second Buy TradeHere is My Study on Loom
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LOOMUSDTLOOMUSDT is in bearish trend.
Printitn LH and LL .
Double Top reversal pattern is also form.
We wait and watch for the breakout of last LL.
