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Loomnetwork

Loom Network Hits Support... Next Target (75% Mapped)Loom Network (LOOMBTC) has been growing since the mid-May low printing higher highs and higher lows. The last jump peaked at 0.00000456 with a bounce taking place at 0.618 Fib. Hitting this support level, the 0.618 Fib. retracement support can signal the end of the retrace... We stay strongly bullish above this level. If LOOMBTC can stay trading above 0.00000263, we can expect our next target to be hit. For a 75% jump, we are aiming at 0.00000528+ This level is marked with a magenta dashed line on the chart. A stop-loss can be set at a daily close below 0.00000246. This is not financial advice... Patience is key. Namaste.
LLong
by AlanSantana
1
LOOM about to break out on the weeklyLOOMBTC Starting to head towards a break out of a long term consolidation on the weekly TF. There’s two entry options here - a BCR of 285 sats area could long to 366 as the first target. The less risky entry would be to wait for the BCR of 366 to avoid the volatile wicky area between 285-366 This would be a long term hold that could potentially return over 2000%. On the daily we are currently trying to push past that 285 sat zone so just watching this one for now. Once we pass there I’ll be looking for a retest to either support or a FIB level or even a retest of the 10 EMA on the daily. Lots of bullish volume coming in now also. It definitely needs a pull back before opening a position. The Loom Network is an Ethereum-based, Platform-as-a-Service (PaaS) network with a Software Development Kit (SDK) targeting large-scale, decentralized social app and game development. Loom DAppChains are run as parallel sidechains attached to smart contracts on the Ethereum mainnet. The LOOM token is the proprietary ERC-20 membership token that provides access to DAppChains on the Loom Network. *source: cryptobriefing.com
LLong
by TradeTravelChill
Loom Network Going Exactly As Predicted, Look InsideMy last chart for Loom Network (LOOMBTC) came out on June 17... It is going exactly as charted... But there is room for more. Right now we have prices safely trading above MA200 and one other very strong bullish signal... A bullish cross of EMA50 and MA200. That's when EMA50 crosses MA200 while moving up. This signal is a classic and precedes strong bullish growth. See here the previous chart: Additional info can be seen on the chart... Thanks a lot for your support. Namaste.
LLong
by AlanSantana
5
Loom Is Getting Ready To Boom! Easy 95%+ MappedLoom Is Ready To Boom! or so the charts are saying. We are now looking at Loom Network (LOOMBTC) on the daily (D) timeframe. Each candle is worth 24 hours. Prices for LOOMBTC closed above EMA50 and EMA100 yesterday... So today momentum is starting to build up. MA200 at 0.00000255 is being challenged today. To conquer this level, the daily candle must close above this price. Any close above 255 satoshis and MA200 has been conquered. With MA200 conquered, this opens the room for fast and massive growth (green arrow). Volume is going in favor of the bulls and we have on the MACD a bullish cross. The RSI is also bullish/strong. On the chart above, we have the targets mapped... Thanks a lot for your reading. Thanks a lot for your continued support. Namaste. Previous analysis | Jan 4 Loom Network Breaks Resistance On High Volume | 140% Next!
LLong
by AlanSantana
2
Loom Network Breaks Resistance On High Volume | 140% Next!Loom Network (LOOMBTC) just moved above EMA50 on really high volume, higher than the volume we saw back in late Sept. to break above EMA50, telling us that there is potential for additional growth. On this chart, we are looking at a bullish candlestick supported by a bullish RSI and MACD. LOOMBTC is now strongly bullish. How do we know that prices will continue going up (aren't going lower)? Prices can always go lower, the market is really unpredictable we can only read the signals coming from the charts. The black line you see pointing down is MA200, prices tend to 'gravitate' towards these lines, giving us another signal that the strong support that has been tested 4 times already is likely to continue to hold. We can also see a very strong increase in trading volume as well as an generally bullish altcoins market. Feel free to hit LIKE to show your support. Namaste.
LLong
by AlanSantana
Loom Network Ready For Strong Bullish Action | Easy 50%+The chart for Loom Network (LOOMBTC) is starting to look really bullish. We have strong volume coming in for the bulls, as well as a recent break and retest of EMA10 (green), while now EMA50 (yellow) is being challenged. The RSI is strong and trending up. This set up can easily produce good gains. The blue dashed line is the "support" if this level breaks LOOMBTC can easily move lower before moving back up. Right now we are aiming higher... Thanks for your support. Namaste.
LLong
by AlanSantana
11