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LOOMUSDT Perpetual Contract

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LOOMUSDT.P trade ideas

#LOOM/USDT#LOOM The price is moving in a bearish channel on the 12-hour frame and is sticking to it well The price rebounded well from the lower channel border at the green support level 0.0700, where some correction is expected. We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 0.0770 The first target is 0.09280 The second target is 0.1100 The third goal is 0.1261
Long
by CryptoAnalystSignal
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🌴
by MyCryptoParadise_Nathan
LOOM - Saucer Pattern - Long Trade #LOOM #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.11756 Stop Loss: 0.10708 ------------------------------ Target 1:0.12201 Target 2:0.12712 Target 3:0.13569 Target 4:0.14621 Target 5:0.16046 ------------------------------ Timeframe:4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- 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
Long
by VectorAlgo
3
✴️ 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.
Long
by AlanSantana
5