LOOM outlook precariousThere's not a lot of history to look at here. I usually only like to enter when a coin is below 30 on the daily RSI. Here it is low on the 4 hour, but there's still plenty of room for this to go lower. If you believe in the token then this probably isn't a terrible entry, however I think patience will reveal it has lower depths to find and if it doesn't you won't miss the bottom by much on a coin that, quite frankly, could get wiped out if BTC hits areas in the 3k range. If you're simply gambling on it going up, I would look at a coin with better history. And check in on Loom again in August.
LOOMBTC trade ideas
*UPDATE* LOOM lookin bullish*UPDATE* 5/16/18
- LOOM looking bullish and finding support in the orange channel
- expecting to find new support at the 6300-6390 levels soon
- RSI continues to look bullish and continuing to form higher lows
- Stoch RSI looking like it still has some juice
-On the flip-side, btc taking a dump may take loom with it and take it back down to the 5300 levels
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
LOOM ending consolidation?$LOOM looks to be pushing against a long-term support/resistance line, potential for a breakout trade here (if $LOOM breaks out, set buy orders around 5.8k sat to catch the next wave)
Loom Network (LOOM/BTC) in a corrective triangleSince it hit the market, Loom was experienced a surge of 71% after which the price has been correcting in a symmetrical triangle. The price is currently getting really close to the 0.236 Fibonacci retracement level, and I think that it's going to go above it, to the triangles resistance line and break out from it on the upside, as I think the WXYXZ is compleated and that this is a start of an impulse wave we are seeing.
BTC bear flag shadow is looming over LOOM's growthAs you can see, we are in a wedge pattern in blue. A couple of days ago we broke out but failed to hold top of the wedge as support. Now it seems highly probable that we will get a false brake out once again. Seeing as BTC is in a bear flag consolidation pattern that will likely break down to 7700 - 7800.
With that in mind, you can see a cup forming on the chart. If cup and handle is to happen this would send us up to 0.00006884 (0.786 fibb level). If BTC breaks down from its bear flag I suspect we will break down towards major support zone of 0.00005800, if not we should find support around 0.00005250 area for triple bottom. We just have to wait and see how fast BTC will break down from bear flag. The faster the break down the less likely we will hold 0.00005800 as support.
LOOM: Example of utilizing R:R based on FIBS/PatternsJust an example to help a fellow trader (hopefully)
Quick profit Trade with LOOM/BTCGraphs shows everything, its very close to breakout from 4h chart.
Entry level is like 61 sts
Its first targets 66 sts and then 71 stst.
Please use stop loss which is 58 sts.
Not a financial advice at all.
Good luck and if you like my trade you know where you will click:)
LOOM/BTC TriangleLOOM/BTC is looking triggered af.
It's entire existence on Binance has resulted in a symmetrical triangle.
A break at the apex with an entry at 62 sats with a 20% price target would be ideal.
LOOM is going to MOOOONLoom is the next-generation blockchain platform for large-scale online games and social apps.
The 4h chart looks really good. 382 hold the price. The price is above EMA20 and EMA50. I think it will break out the triangle and rise at least 40%.
Support levels are 5750-5800 and 5200-5300
Good luck!
Loom LOOMBTC looks like a good BUY! The support levels are consistent at Fib .23 levels.
I expect the prices to go higher upto .00006399 as shown by the marker. This would follow FIB retracement at .382
If the price falls below that level and re-enters channel, we can expect it go down upto Fib .23 levels or bounce back mid way depending on the Volume.
However I am confident this coin will go up in price and test new resistance at Fib 0.5
Hope this helps.
Please support me if the idea helps you.
www.patreon.com
#loom Targets (bullish Scenario)#loom Targets (bullish Scenario)- If we get a break above descending triangle.
1 $loom has retraced around 50fib region of minor wave1.
2 Minor Wave 3 target is :9568-9400sats (161.8fib ext )
3 Resistance levels above are at 6227-6450 (1H SMA's & Trendline resistance)
4> $loom Minor wave 3 can be confirmed only if resistances :6227-6450 (1H SMA's & Trendline resistance) along with minor wave 1 high at 7161sats is broken.
5>Currenly it is looking to break below the descending triangle, rejected though.
6>Support levels below: 5995-5850 sats #crypto #loombtc
www.tradingview.com
LOOM - POTENTIAL FOR MASSIVE GAINSFirst Idea - Please go easy on me :)
LOOM has some room to get some massive advantage over the next few weeks, IF Bitcoin behaves! Has a massive support line at 0.38 fib, coninciding with the end of impulsive wave 2.
Vitalik supports this coin so long term play also looks good.
Disclaimer: This is not financial advice. You make the decisions, you're in control of your money! You click the buttons! Have fun! Be safe!
BINANCE:LOOMBTC
Best,
Avedj94
LOOM NETWORK: UNIT SDK RELEASE - 24 HOURS = 12.47% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 12.47% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including :
April 3: Loom Network SDK Alpha release
April 5: Loom Network is mentioned on Korean TV.
April 13: Plasma Cash is supported on Loom Network.
April 16: DelegateCall now has international support in Chinese, German, Korean and Japanese.
April 17: Pixie Shopping Street, one of the fastest growing game developers in Asia, joins Loom SDK to scale games using DAppChains.
April 20: "CryptoZombies Origins: What is Blockchain?" is released.
April 25: RadarRelay lists LOOM Token.
April 25: DelegateCall releases the following upgrades: Notifications, Email Digests, New Transfer Gateway
April 27: A month ago, we announced that CryptoZombies is hard forking to become the second Loom Network DAppChain, and that those who completed lessons before the cutoff date of April 20th would receive some pretty sweet rewards in the form of ERC20 / ERC721 tokens.
April 30: Loom Network will be sponsoring GopherCon Singapore, one of the largest conferences for Golang developers.
May 2: Binance lists LOOM Token.
May 3: Withdrawal Fee for LOOM Token Reduced.
May 8: 2nd Loom SDK Project Announced: Neon District, a Blockchain-Based Cyberpunk RPG -0.12% .
(NEW) May 12: LOOM releases Unity SDK Beta. This is HUGE news as it allows allow any game developer to easily integrate with a DAppChain backend without having to be a Blockchain Developer. Full release is pending for June 2018.
The release of LOOM's Unity SDK and general price recovery in the cryptocurrency markets explain the increase in price.
Is LOOM looking OK?I cannot really be sure of how the breakout would be and if it is going downward or upward but it is good to watch out for that.
LOOM...is looming *UPDATE*5/12/18 *UPDATE*
- Loom broke down from the symmetrical triangle (blue line) due to BTC volatility
- Looks like it'll try to retest previous strong resistance areas
- Will look to enter at these key resistance/support areas, but just watching/and waiting for now
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
