Loom Network vs Bitcoin | 555% - 1,453% (Interesting Pair)
Loom Network hit a new All-Time Low recently vs Bitcoin, technically, a double-bottom.
It is a double-bottom because both lows are very close to each other and that is all that is needed for the definition of "double-bottom" to be valid.
This a long, long-term double-bottom because the last low happened December 2020, almost four years ago. The new one came in last month; August 2024.
➖ Ok. The Tether pair (LOOMUSDT) has been growing long-term and printing higher highs, here we can see something different and for an obvious reason so I don't have to explain.
➖ We have a very strong correction recently, LOOMBTC, a steep decline. We know that a steep decline is balanced out by a fast and strong rise, thus the bullish potential.
➖ LOOMBTC does not look ready to grow but the chart will soon print clear signals pointing toward a reversal of the bearish trend.
➖ The weekly RSI is showing a bullish cross and a long-term bullish divergence while the MACD hit bottom and is trending up.
This can be an interesting pair in the coming cycle... Another one!
Namaste.
It is a double-bottom because both lows are very close to each other and that is all that is needed for the definition of "double-bottom" to be valid.
This a long, long-term double-bottom because the last low happened December 2020, almost four years ago. The new one came in last month; August 2024.
➖ Ok. The Tether pair (LOOMUSDT) has been growing long-term and printing higher highs, here we can see something different and for an obvious reason so I don't have to explain.
➖ We have a very strong correction recently, LOOMBTC, a steep decline. We know that a steep decline is balanced out by a fast and strong rise, thus the bullish potential.
➖ LOOMBTC does not look ready to grow but the chart will soon print clear signals pointing toward a reversal of the bearish trend.
➖ The weekly RSI is showing a bullish cross and a long-term bullish divergence while the MACD hit bottom and is trending up.
This can be an interesting pair in the coming cycle... Another one!
Namaste.
Dagangan aktif
+98% Bullish breakout confirmed. This is as Bitcoin remains sideways.
This is only the beginning.
Enjoy the profits.
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🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚨 Long-term Success & Freedom Available Now! (Avoid future mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)
🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.