LOOM - POTENTIAL FOR ANOTHER EXPLOSIONMy first TA - Please go easy on me! :)
Loom has previously been hyped by Vitalik and has the potential to grow in the upcoming bull season. (IF BTC doesn't drop dead and surprise us all)
Disclaimer: This is not financial advice. Use your own decision and judgement to invest in cryptocurrencies. You click the buttons! You have control over your money!
LOOMBTC trade ideas
LOOM TARGETS FOR BIG GAINS **UPDATED**So here I give you an updated count, as you can see we're are currently finding resistance at the 100% after our bounce off the 61.8%. What I'd be watching for is how deep the wave 2 will fall, as we may get an extended correction and retest the bottom trendline.
The question is now, where we'll bounce and begin our wave 3/5 up toward the big "(3)"
I'd be looking to enter in any of the green boxes at this point, for the most conservative entry would be the break of the top black trendline, as we find confluence with the obvious trendline breakout, and breaking past our wave 1 up as confirmation. Also remember to cross check with the volume as well to avoid getting bull trapped.
**REMEMBER THIS ISN'T FINANCIAL ADVICE, IM ONLY SHARING WHAT IM SEEING AT THIS POINT IN TIME**
LOOM BUY SETUPSetup:
- Newly listed on Kucoin
- waiting for bounce off the 0.618 fib/ lower trendline launchpad for confirmation
- looking for higher lows on 4H RSI for confirmation
- Stoch RSI bottomed on 4H timeframe
Events:
6/30: Public beta release of Loom SDK
Buy: < 6100 sat
Target 1: 7160 sat (+21%, RR=4)
Target 2: 7900 sat (+34%, RR=6.5)
Target 3: 8200 sat (+39%, RR=7.2)
Target 4: TBD (should form new all time highs)
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
LOOM/BTC LOOM is about to BOOM 5/10/2018Whats up to all my peepz,
Lets get into this LOOM chart, its been added to binance on May 1st which is my birthday so this coin is special to me. as soon this coin got added it took off which means there is high demand. On this 2HR chart you see a huge symmetrical triangle which is a continuation pattern and in this case is bullish and to confirm that you should look at the day chart and see a rising 3 methods formed which is a bullish continuation pattern. It also formed a falling wedge within this triangle which is a bullish pattern.
Positives - MACD bullish divergence, KOscillator bullish cross, Stoch RSI bullish cross, Uptrend line respected, currently breaking out of trianlge and its still early in the day for volume to come in.
Negative - 20ma is under 50ma but can change with bullish price action, top of the B-Bands line and if you missed out on an entry :)
This one has the potential to grow with not much resistance ahead if we pass those then we can be moving on up to the stars.
This is just education purposes and having fun with TA, leave some comments and hit that LIKE if you agree with my analysis.
Have a great day, be wise, patient and respected your wallet
BINANCE:LOOMBTC
BINANCE:LOOMETH
BINANCE:LOOMBNB
LOOM: Observing, Looking, Eyeing.A friend of mine brought this crypto into my attention. But still, early days folks, early days.
LOOM - Heaven or HellDear Jumpers,
Here is a very young coin. New listings can be very frustrating as it usually takes plenty of time to stabilise. In this case we saw a pretty solid Impulse up and a nice correction.
Now we find LOOM in a falling wedge looking to break up.
Please buy ONLY after reaching the Entry level and stay true to your Stop Loss
T1: 8049
T2: 8967
SL: 6014
I will update as the coin moves.
----------------------------
I'm not a financial advisor, just a rabbit.
LOOM BTC - flag?Bullish flag in process. many update to come. This project is EOS smaller brother with same technology but concentrated on games and social platforms. Very good projects with low cap.
Loom , breakout imminent?I identified a descending triangle on the 1h chart for Loom/BTC. HAve heard quite some noise about this, so I m hoping we'll have a breakout soon!
Not a financial advisor.
LOOM Trying to break out of a bull flag LOOM Is close to breaking out if its bull flag resistance area. This could create some decent gains if it can do so.
- Waiting for a close above that resistance to place an entry.
Small consolidation on LOOMI think that the price of LOOM is now consolidating before it shoots up
20% Bet
#GbazColorCharting
#Loom is in a perfect buy zone**THIS IS JUST MY 2 CENTS ON THE METTER..
THIS IS NOT A FINANCIAL ADVISE**
Loom NetworkHere you have loom network, 15 minute candles.
As you can see it already had a nice lil' run after getting listed on my beloved Binance and has now corrected down a bit, exactly to the 0.382.
I usually don't enter a trade until we've corrected down to the 0.236 or 0.114 (5081 / 4583) and I wouldn't be surprised at all if we are still going to correct to that point.
A break below the bottom line of the wedge, dashed in green, would confirm we are going to 5000 range.
But as it looks now we are breaking out of the wedge and I could see this break to the upside. So I got in. I don't know nothing about this coin, no FA
I kinda hope to get rekt, because of my entry on the 15 minute and how that is nowhere near my usual fundamentals. If anything I would advise against trading coins you know nothing about.
The best trades combine TA, FA and a daily/4 hour chart :)
Anyway, the target for this trade 11494
LOOM NETWORK: LISTING ON BINANCE - 24 HOURS = 20.59% PROFIT!!!Our " Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 7th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 20.59% PROFIT!!!
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.
(NEW) May 8: 2nd Loom SDK Project Announced: Neon District, a Blockchain-Based Cyberpunk RPG.
The new exchange listings combined the announcement of the new Neon District RPG explains the increase in price.
