Long
[LOOM/BTC] NICE POTENTIAL - 25%-150% PROFIT
#LOOM / BTC ( Binance )
Buy Range : 1400-1500
Target 1 : 2058
Target 2 : 2695
Target 3 : 3727
WEEKLY CHART
- Bottom canddle spotted ( positive )
- Seems this week is going to end on green ( Very positive )
- Lack of other useful info ( negative )
DAILY CHART
- CCI turned into green (positive)
- Positive SAR after more than a month negative ( positive )
- MACD crossed and looks nice ( positive )
- RSI touched oversold zone and growing ( positive )
- EMA20 touched but not above it yet ( Neutral )
- Under MA50 ( Negative )
12H CHART
- CCI green wave continuation ( positive )
- MACD continue rising ( positive )
- SAR turned positive again after some negative correction ( positive )
- Candles above EMA20 ( positive )
4H CHART
- Trendline broken to the upside ( need consolidate and stay above trendline ) ( neutral )
- Candles are closed above moving averages (positive)
- Ichimoku cloud has been broken and its above candlestick (positive )
- Nice volume candle (positive)
- Under MA200 ( negative )
CONCLUSION
Short-timeframes looks very good for Loom which could potentially start a very nice bullish reversal like other altcoins.
Price is very cheap and if market continue like these days we could be seeing a fast 20-30% easy profit.
Remember, manage your bank correctly.
Good Luck,
Mike
Buy Range : 1400-1500
Target 1 : 2058
Target 2 : 2695
Target 3 : 3727
WEEKLY CHART
- Bottom canddle spotted ( positive )
- Seems this week is going to end on green ( Very positive )
- Lack of other useful info ( negative )
DAILY CHART
- CCI turned into green (positive)
- Positive SAR after more than a month negative ( positive )
- MACD crossed and looks nice ( positive )
- RSI touched oversold zone and growing ( positive )
- EMA20 touched but not above it yet ( Neutral )
- Under MA50 ( Negative )
12H CHART
- CCI green wave continuation ( positive )
- MACD continue rising ( positive )
- SAR turned positive again after some negative correction ( positive )
- Candles above EMA20 ( positive )
4H CHART
- Trendline broken to the upside ( need consolidate and stay above trendline ) ( neutral )
- Candles are closed above moving averages (positive)
- Ichimoku cloud has been broken and its above candlestick (positive )
- Nice volume candle (positive)
- Under MA200 ( negative )
CONCLUSION
Short-timeframes looks very good for Loom which could potentially start a very nice bullish reversal like other altcoins.
Price is very cheap and if market continue like these days we could be seeing a fast 20-30% easy profit.
Remember, manage your bank correctly.
Good Luck,
Mike
Trade active
target 1 reached. 47% profit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.