LOOM/USDT It's need break the resistance for continue upward!💎 Paradisers, #LOOM is certainly catching attention as a potential coin to watch.
💎 It has successfully broken out of the descending resistance area, signaling positive momentum and an upward movement in price.
💎 However, it's encountering resistance around the $0.103 area, and the MACD support for bullish momentum a decisive break above this resistance is needed to confirm LOOM's shift to an upward trajectory, potentially leading to a test of our target resistance area.
💎 Should LOOM fail to break the resistance, there's a possibility it could retest the trendline area or find support around the $0.088 - $0.08 range to gather momentum for another attempt at breaking the resistance.
💎 If LOOM fails to bounce and breaks below the support level, the next significant level to watch is the demand area around $0.074 - $0.06. Historical data shows that LOOM has successfully bounced from this level before, leading to significant upward movement. Should history repeat itself, a bounce from this area could fuel a renewed bullish momentum.
💎 However, bullish invalidation would occur if the candle closes below the demand area, indicating a confirmed breakdown in price and potentially signaling further downward movement.
MyCryptoParadise
iFeel the success🌴
LOOMUSDT trade ideas
LOOMUSDT 12H#LOOM has broken the trend line and MA50 on the 12H chart with massive volume. Currently, it is testing the MA200. A retest of Trendline may be happening soon. Buy here and on the retest. Targets are:
$0.11939
$0.13538
$0.14900
LOOMUSD 1WLOOM ~ 1W 📈
#LOOM If the price returns to this Support Block. We will start making purchases gradually with a target of at least 20%+
#LOOM/USDT#LOOM
The price is moving in a downward channel after being pumped strongly.
There is often a large correction after that, and the correction goes within the boundaries of that channel downward.
The price is below Moving Average 100
The price is expected to continue falling inside the channel.
Targeting the support area 0.04700 to 0.04000
#LOOM/USDT #LOOM
The price is moving in a falling channel on a 4-hour frame and we have it in green at the price of 0.900
We have a higher stability of 100% moving forward
Now we have a nice breakout coming up
Our RSI indicator has a trend that is about to break to the upside
The trend drawn on it
Entry price is 0.1000
The first goal.1120
The target for the second is 0.1212
The third goal is 0.1300
#LOOMUSDT Potential For 400 % Upside This Year#LOOMUSDT Potential For 400 % Upside This Year.. LOOMUSDT holds imp zone for support now it can go to New ATH this year..
LOOM - Saucer Pattern - Long Trade #LOOM #Analysis
Description
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+ LOOM is forming a nice saucer pattern. This is a bullish pattern and we can expect the price to pump if the price breaks out from the resistance range.
+ As of now the price is below the resistance range, we need to wait for the price to hit the resistance range and then breakout from there successfully.
+ I'm expecting the price to breakout from the resistance in the next 2-3 days.
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VectorAlgo Trade Details
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Entry Price: 0.11756
Stop Loss: 0.10708
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Target 1:0.12201
Target 2:0.12712
Target 3:0.13569
Target 4:0.14621
Target 5:0.16046
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Timeframe:4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
LOOM LOOKS BULLISHLooks like AUDIO's big diametric is over.
After engaging with the advance supply, it will soon move towards the target.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✴️ Loom Quad-Bottom (Bottom Sequence, Pattern & Formation)We have the "everything bottom" signal coming off this chart, which is pretty interesting and fairly strong, easy to read.
Loom Network (LOOMUSDT)
1) We have not a double nor triple but a quadruple bottom pattern. LOOMUSDT has been hitting the same price range since November 2022, a total of 4 times.
2) The bottom sequence goes as follows: First, a rounded bottom; Second, the Adam & Eve pattern. This sequence then leads to a bullish wave.
3) These patterns are happening individually within a higher low, short- and long-term.
4) Moving above EMA50 gives the final confirmation of the bottom formation, predicting a major bullish wave.
Bottom, bottom, bottom, bottom... Once we hit bottom, the only place left to go is up. That is exactly what this chart says; LOOMUSDT is ready to grow.
Namaste.
Bullish setupLoom is on the verge of a breakout, follow yellow horizontal rays use them as tp and the triangle below as stop loss session. all liquidity zones confirmed except the highs.
LOOMUSDT ALERT!!BYBIT:LOOMUSDT.P
So I've put an alert on loomusdt because as this is moving up in a trend already... to me, it's unlikely that this will come back down to this price before a continuation BUT this is why I put an alert here because this is my ideal price to get in.
I will update this.
Thanks guys.
$LOOM ready to explodeManipulation downwards looks over. 4 hour typical manipulative dump to buy as much as possible for a low price. Get in before the public sees it on trending. Ready for explosion.
LOOM pump??LOOM broken up the falling wedge pattern and pullback done to the ceilingof this pattern,everything is possible
LOOM Signals Green: Buy Now, Thank Me Later!"**Fundamentals:**
* **Platform:** Loom Network, a multichain interoperability platform designed to enhance scalability and affordability for Ethereum-based decentralized applications (dApps).
* **Token:** LOOM, a utility token used for:
* **Staking:** Securing the Loom Basechain (DPoS consensus) and earning rewards.
* **Payments:** Covering dApp hosting fees on Loom Network (no gas fees for users).
* **Governance:** Participating in platform development through voting proposals.
* **Supply:** Max supply of 1 billion LOOM, ~1.22 billion circulating.
* **Use cases:** dApp developers utilize Loom Network for various scenarios, such as:
* **Gaming:** High-performance games with large user bases.
* **Social applications:** Scalable social networks with millions of users.
* **Supply chain management:** Real-time tracking and efficient data sharing.
* **Finance:** Decentralized finance (DeFi) protocols with fast transactions.
**Recent News (as of October 26, 2023):**
* Loom Network rebranded as Chainsafe Systems, focusing on blockchain infrastructure solutions.
* Continued development of Basechain, their interoperable blockchain.
* Integrations with various projects and ecosystems.
* Active community engagement through developer tools and resources.
**Disclaimer:**
Investing in cryptocurrencies involves inherent risks:
* **Volatility:** Significant price fluctuations are common.
* **Technological uncertainty:** The technology is still evolving.
* **Regulatory uncertainty:** Regulations may impact the market.
* **Security risks:** Hacking and scams can occur.
**Additional Considerations:**
* Conduct thorough research before investing.
* Diversify your portfolio to mitigate risk.
* Only invest what you can afford to lose.
* Be aware of potential scams and fraudulent activities.
Remember, I cannot provide financial advice or make recommendations. You should consult with a qualified financial advisor before making any investment decisions.
I hope this information is helpful and informative. Please let me know if you have any other questions.
Accumulation before the level, free zone after the levelAccumulation before the level, free zone after the level
LOOM/USDT Break Alert! It's ready for continue upward movement ?💎 LOOM has recently experienced significant market dynamics, breaking out of a descending channel pattern after a perfect bounce from the Bullish OB area.
💎 There is a probability that the price will undergo a retesting phase at the trendline before continuing its significant upward movement toward our target strong resistance area.
💎 However, if LOOM fails to bounce during the retesting phase at the trendline, there is potential for the price to reverse direction and retreat downward, possibly retesting the Bullish OB area.
💎 The Bullish OB area has historically been strong enough to support LOOM's price, often resulting in consistent bounces upon reaching it. However, if LOOM were to break down below the Bullish OB area, it would signal a bearish turn, likely leading to further downward movement and potentially deeper lows.
$LOOM looks clean… Breakout … Breakout
Trading trend line breakouts can be a profitable strategy if done correctly. Here's a general guide on how to trade trend line breakouts:
Identify a Trend : The first step is to identify a clear trend in the market. Trends can be upward (bullish), downward (bearish), or sideways (neutral). Draw your trend line connecting the lows in an uptrend or highs in a downtrend.
Confirm the Trend Line : Ensure that your trend line touches at least two significant points (lows or highs) to confirm its validity. The more times it touches, the stronger the trend line.
Wait for Breakout Confirmation : A breakout occurs when the price breaches the trend line. However, it's essential to wait for confirmation before entering a trade. You can confirm a breakout by seeing the price close convincingly above (in case of an uptrend) or below (in case of a downtrend) the trend line.
Consider Volume : Ideally, you want to see the breakout accompanied by increased volume, indicating strong market participation and confirming the validity of the move.
Set Entry and Stop-loss Levels : Once you confirm the breakout, set your entry point slightly above the trend line (in case of an uptrend) or below the trend line (in case of a downtrend). Additionally, set a stop-loss order to manage risk. You can place the stop-loss order just below (for long positions) or above (for short positions) the breakout point.
LOOMUSDT is BullishLOOM is currently in a strong bullish momentum printing higher highs and higher lows. The trend is more likely to continue as there is no divergence on RSI. Targets are mentioned on the chart.
#LOOMUSDT LONGLONG #LOOMUSDT from $0.1042
1h TF. The LOOM coin has currently formed a preload to the horizontal resistance levels. The daily trading volume has been increased. The local trend is upward - the lows are not updated, but the price is pressed to the highs, which indicates the strength of buyers. The basis for entering a deal will be an approach with trading under a cascade of levels and, as a result, an impulse breakdown with the removal of stops behind them.
Bullish pattern in 1H time frame for quick profit do your own research before invest.
if you like it send me cheers
thanks mate and good luck :)
LOOMUSDT UPDATEHi everybody, if we close candle above 0.9817, we can reach next targets.
TP1 : 0.10500
TP:2 0.11200
LOOM NETWORK - Support zoneHello everyone, we managed to hold on to the support zone again. Currently, our first target will be 0.11898 , then 0.12600 .
