LooksRare Inflationairy StudyThis study compares token unlocks and their impact on the price of the LooksRare NFT marketplace currency. Take look ;)
LOOKSUSD trade ideas
LOOKS/USDI was looking for a decent ETH project that would have the potential for staking and I came across this one.
This is a competition from the NFT marketplace to Opensea. I am one of those who believe in cryptocurrencies, their functions and carefully chosen NFTs have a wide range of uses in my opinion.
Well, Looksrare knows what they're doing. Not only will you save compared to Opensea when trading the NFT, but you are also rewarded. You can further stake the LOOKS token and thus obtain LOOKS, but also ETH.
Only those ETH fees are simply nonsense, but this is generally true for ETH, hopefully with the ETH 2.0 this will change.
The project is at the beginning after a correction from leafing and shaking paper hands. Now I think it's good to accumulate.
DYOR, NFA
My analyzes are for my feedback and fun.
Long LOOKS at Support 0.17Long Looks at Support 0.17, TP whenever. SL at 0.13x
if it breaks below support, price discovery.
looksusdlooks squeezy to me 50ish % on 1d to 100ema
177% to 200ema
this still pays staking interest in eth so bullish eth essentially means bullish looks
barring some exploit looksrare has nice ui and good meme potential aswell
obv also looks consolidated and ready for a push up
LOOKSRARE potentially looking like a rare event.LOOKSUSD looks like it is about to break out...
MACD bullish divergence about to crossover, and a imminent triangle breakout appears to be set in place as it nears the apex.
Watch for a failure breakdown too, still possible.
For now, leaning towards a breakout 70:30.
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Short if break down the yellow triangleA1) short if break down the yellow triangle
A2) Tp slightly above All time low of 0.16
B1) if break out above - can I long with Tp at blue diagonal line or should I only short at the blue diagonal line?
Looks daam good :) Short level analysis of Looks. Very little information for TA still however, setting levels is a need when trading a very volatile market. Target of 2.2-2.9$ for TP one, current entry at 1.80$ puts it within a risk zone, but whne accounting for social signals and hype around the token it is a risk I am willing to bear. Max pain would be revisiting 0.78$ but to be honest this is highly speculative within a 12 months time-frame I dont discard it going lower than the previous low given the stacking nature of the token and no real life inputs for its mining. Yes, PoS and Stacking are not going to survive what is ahead, all those tokens are under my scalp box. :)
LOOKS - Similar to BTC - UpdateAt the moment Looks is taking a similar way like btc.
The black box and black bars only show how fast we could recover,
if we take a similar way after the last price drop under the 2$ zone,
but that all depends heavily on the overall crypto market at the moment
and especially now much depends on btc.
In addition, according to Looks Tokenomics, new tokens have just been released,
which can also have a strong impact on supply and demand in the medium term.
Therefore, one should be rather careful at this point.
Not financial advice, just my opinion.
Since I mostly only follow English accounts on Twitter, I also write here in English,
so please forgive me my Google-Translator-English. (The message should still be clear)
LOOKS - Possible way - UpdateUpdate
After the FOMC Meeting from 4 May, #BTC doing it well
Still great potential for $looks 🚀🚀🚀 if #BTC pumps
The chart is a bit overloaded, but has the sub-cycles with the price ranges
However, one should also be cautious at the moment, so I am neutral, but long-term bullish
Not financial advice, just my opinion
LOOKS - Possible wayUpdate
Great potential for $looks 🚀🚀🚀 if #BTC pumps
The white chart pattern may a possible way for a cyclic repeating. See white box and white pattern.
Red and cyan dot lines show the subcycles.
If you want to support me, like, share, comment :-)
Not financial advice, just my opinion
LOOKS - Important price zonesCurrently #looks and #btc are most time similar.
I think these price ranges are very important
and if #btc could playout a bull run in the next few days,
#looks could do the same.
Not financial advice, just my opinion
$LOOKS in symmetrical triangletriangle, could get move either way, more chop into apex and then larger move should come
LooksRare to Break Out SoonIt appears that LooksRare has formed a new support level between $1.30 - $1.50. Assuming that Bitcoin can hold its current support at $38,000 and move upward this weekend or beginning of next week, look for LooksRare to break through the resistance line and make a solid move upward. Keep an eye on the strength of its RSI index when compared to BTC. As indicated by my 2nd chart, it has performed very well while establishing this current support level.
Looksrare nice accumulation phases. looking at 2.9- 3.1 as resistance.
think this will be above $5 again in may, if it break through and build support on this zone
Looks 👀 #WETH #ETH #LOOKSRARE #LOOKS #NFTHave closed my position for now, rejected at resistance, overall markets looking shaky again and the bearish engulfing on the daily will look to reenter around low 1s again.
possible targetsRenko chart on daily *very bullish
increaseing volume
moving average (GMMA) work as a support
resistance level 3 ,4.9,5.6 and 7.1
fundamental:
decentraliyed competitor of OpenSea with 13 bilion marketcap
staking rewards : ETH AND LOOKS at 130% APY
Looks 👀 #WETH #ETH #LOOKSRARE #LOOKS #NFTWe, really doing this 👀. have said before this is my bag and I am willing to just stake and forget, still on the old APR with Looks and WETH. Have nearly made my initial investment just on WETH. So its all free money from here.
$LOOKS Daily ChartI still believe LOOKSRARE is a platform that can have incremental and organic user growth and ultimately become an NFT marketplace with 30%+ market share. I really like the changes the developers have been doing, and how active they are, and OpenSea continues to shit the bed in diverse ways (e.g recent hack). If the traditional markets and the crypto market are in fact going through a bullish divergence then I find this daily chart to look quite good for $LOOKS to start retaking some key levels (first break 2.12 and leave this range).
