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LOOMUSD trade ideas

LOOMUSD On course to test the All Time High.LOOMUSD crossed over the High of the previous Cycle (0.2650) and got ridiculously overbought even on the 1W timeframe (RSI = 91.375, MACD = 0.029, ADX = 42.981). However this doesn't necessarily mean that it can't go higher and even more so by a significant margin. The 1W MA50 will inevitably cross over the 1W MA200 next week and will form the first ever Golden Cross on the 1W timeframe. That is an incredibly strong bullish signal on its own but coupled with the 1W MACD which shows us that we are potentially around February 8th 2021 in relation to the parabolic rally of the previous Cycle, we can realize that this rally still has fuel in it. We are still long, targeting near the ATH level (TP = 0.7000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CLong
by InvestingScope
6
✴️ Loom Network Bottom Pattern & Higher Lows (Easy 88%)We have a strong Adam & Eve bottom pattern formed between June and September 2023, we also have a long-term higher low based on session closed for Loom Network (LOOMUSD) looking back to June 2022. These two are major signals but that's not all. LOOMUSD is trading above MA200 and EMA300, well, above all the moving averages and there is no resistance left. This pair is in the same situation as some of those I showed you recently, LeverFi & Flamingo for example. It already went through consolidation, bullish breakout and the rest. Now, fast and strong growth can happen any day because strong resistance has already been removed. 👉 Here I am mapping an 88% target but there can be much more. Think of HiFi where I mapped 200% but the pair grew 600%+. (These charts are available in the 'Related Ideas' below) Thanks a lot for your support. Namaste.
CLong
by MasterAnanda
2
LOOMUSD A rise the likes of which we've never seen.Loom Network (LOOMUSD) is on the 5th straight green 1W candle, with the last 3 weeks in particular being the strongest bullish sequence LOOM has seen since its historic All Time High on the week of April 30 2018! Last week it closed the first 1W candle above the Bear Cycle's Lower Highs Resistance and the 1W LMACD sequences resembles the last strong rally of 2020 - early 2021. Based on that we should be currently on leg (c), which can extend all the way to the 2.0 Fibonacci extension, despite the presence of Resistance 1 (0.26900). Our target is 0.60000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CLong
by TradingShot
2
LOOMUSD: A scripted pump happened. Will it break the 2 year Res?LOOMUSD has seen in incredible rise during the last two weeks that just hit the LH trendline, basically the technical Resistance that is holding since November 2021. It is no surprise that the 1D timeframe is overbought but such parabolic rise turned even the 1W technicals overbought (RSI = 78.126, MACD = 0.007, ADX = 36.174). Keep in mind that this rise started after the token once again bottomed firmly on the S1 Zone, which has been the Bear Cycle's Support. Our trading approach is simple. If LOOM closes a 1W candle over the LH trendline, it will be a technical long term bullish breakout. We will let the price then exhaust the rise and wait for a firm pullback to the 1D MA50, which will be the buy entry. Then our long term target for Q3 2024 will be near the ATH (TP = 0.24000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CLong
by InvestingScope
3
LOOMUSD Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
LLong
by hadimozayan
LOOM - Daily - "Volatility Ready"Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!! ________________________________________________________ ________________________________________________________ ////////////////////////////////////////////////////////////////// ///////👍✋Not financial advice, do your own due diligence ✋👍//////// ///////////////////////////////////////////////////////////////// ➡️Technical Standpoint⬅️ 1.) Oversold, and our "large move incoming signal" has been triggered quite a few times in the current trading area. 2.) As of 5/16 a strong buy volume bar has been printed. 3.) A hold above the 2.618 FIB would allow for a move to the next FIB zone. Right now we are trading in a gray area. ➡️Fundamental Standpoint⬅️ 1.) Staking on the Binance Smart Chain. 2.) Potential Polkadot integration into Loom's ecosystem. 3.) Nirvana capital is invested in LOOM. ➡️Current Season⬅️ - Altseason / 115 Days ////////////////////////////////// //////Indicator Legacy/Meaning////// ////////////////////////////////// ✨ Linear Regression Line( LR ): is the green/red worm-like line. ✨ Major Resistance Line( MRL ): is the color fuchsia. ✨ Major Support Line(MSL): is the color aqua. ✨ Social Activity Indicator(SA): - Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal. - Lime background = spike in interest. - Yellow background = drop in interest. - Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation. ////////////////////////////////// ///🎉🎉🎉Before You Go🎉🎉🎉/// ////////////////////////////////// Leave a like👍 and/or comment💬. We appreciate and value everyone's feedback. ""Keeping it short and sweet as always."" - assetsandcoffee📈☕
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by RoninAITrader