Panjang
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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.