Loom Network Breaks Resistance On High Volume | 140% Next!
Updated
Loom Network (LOOMBTC) just moved above EMA50 on really high volume, higher than the volume we saw back in late Sept. to break above EMA50, telling us that there is potential for additional growth.
On this chart, we are looking at a bullish candlestick supported by a bullish RSI and MACD. LOOMBTC is now strongly bullish.
How do we know that prices will continue going up (aren't going lower)?
Prices can always go lower, the market is really unpredictable we can only read the signals coming from the charts.
The black line you see pointing down is MA200, prices tend to 'gravitate' towards these lines, giving us another signal that the strong support that has been tested 4 times already is likely to continue to hold.
We can also see a very strong increase in trading volume as well as an generally bullish altcoins market.
Feel free to hit LIKE to show your support.
Namaste.
On this chart, we are looking at a bullish candlestick supported by a bullish RSI and MACD. LOOMBTC is now strongly bullish.
How do we know that prices will continue going up (aren't going lower)?
Prices can always go lower, the market is really unpredictable we can only read the signals coming from the charts.
The black line you see pointing down is MA200, prices tend to 'gravitate' towards these lines, giving us another signal that the strong support that has been tested 4 times already is likely to continue to hold.
We can also see a very strong increase in trading volume as well as an generally bullish altcoins market.
Feel free to hit LIKE to show your support.
Namaste.
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Previous analysis | LOOMBTC +86%
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