LOOMBTC trade ideas
Mainnet Pump ending with head and shoulders? $LOOMAs you see Loom has a strong move to the upside , following the mainnet and staking protocol in place. but it seems that it might be running out of steem for now. it looks like its forming a head and shoulder that will continue to the down side for a retracement.
i'm in a position right now but looking for a good exit in the next few hours. THIS NOT FINANCIAL ADVICE
A network we can trust onLoom network is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum. What a promising idea it has! As in a technical view many many golden crosses in EMA line happened. Also sell power is very low. 1309 then 1401 are in play in case of breaking that ascending triangle in the chart.
Wish you best luck.
Technical analysis of "LOOM" , will be a top gainer in next daysDaily chart of "loom" is clearly shows that its complete its bearish reversal and ready to pump from now, current price of Loom is 1266 satoshis,
BB is opening his hands on daily chart,EMA produce curves and making a cup handle,Macd moving up.
My Target of loom in coming days is 1380-1500 satoshis.
#Goodluck
Update on LOOM/BTCTrading management :
Take profit 1 : done
Stop loss : moved to entry price (risk free)
More targets : based on trader strategy
LOOM potential bounce off support zonePretty big range for LOOM on the daily, I will sell a decent amount in the first profit target if it goes there.
Stop and PT are in the chart
Just my idea, for education onlyLooks like we are having Highler Lows and make resistance become support.
BTC will decide whether Loom can continue to go up...
LOOMBTC Long1-Technical analysis:
#Classic Analysis: Price in strong support based on long term
Reduce the slope of down trend
2-Position details:
*Entry: Trigger in buy zone
*Stop loss= 0/0000087-0.0000088
*Take profit 1=0/00001397-0.00001447
*Take profit 2=0/00001709-0.00001758
*Take profit 3=0/00002259-0.00002314
*Profit/Loss ratio= 1/5 minimum (based on TP1)
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STRONG SUPPORT SINCE AUGUST 2018 BOTTOMING AND GETTING TIGHT IN A FLAT TRIANGLE HERE FOR AN EASY 14% HOLD LONGER FOR A 100% PROFIT PROBABILITY
