LOOM NETWORK Broken EMA300...Supply Curve start forming
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By "following" you can always get new information quickly.
This work allows, the analysis reaches to other traders
"THANKS" you in advance for your support
.........................................................................................
In an overall view we can see the demand curve almost close to its end
and in symmetrical move,market should start to supply curve.
price was able to break the EMA300,
usually,trends when near the end of triangle exit it (related what's kind of it ascending or descending)
price after almost 1year printed new high(ATH) now we can wait for rally or Action wave after that price
probably downward for two session this is called reaction phase,price recovered all of its losses and posted another round of all-time highs, completing the resolution phase
MACD start to more growing while gaining momentum.
RSI really strong 78
we sees started ascending tilt in OBV.
and finally potential targets marked as fibo extension.
GOOD LUCK
By "following" you can always get new information quickly.
This work allows, the analysis reaches to other traders
"THANKS" you in advance for your support
.........................................................................................
In an overall view we can see the demand curve almost close to its end
and in symmetrical move,market should start to supply curve.
usually,trends when near the end of triangle exit it (related what's kind of it ascending or descending)
price after almost 1year printed new high(ATH) now we can wait for rally or Action wave after that price
probably downward for two session this is called reaction phase,price recovered all of its losses and posted another round of all-time highs, completing the resolution phase
MACD start to more growing while gaining momentum.
RSI really strong 78
we sees started ascending tilt in OBV.
and finally potential targets marked as fibo extension.
GOOD LUCK
