Loom Network 3 Years Long Accumulation (868%+ Potential Profits)

12 Jul 2022

This is a very interesting chart that we have for Loom Network (LOOMBTC)... Let's review it together and see what we can find and learn!

First, let me call your attention to the long parallel channel at the bottom of the chart; This is the accumulation phase.

This is quite the long accumulation phase since it has been going for 3 years.

We have a low set Jan. 2021 and a higher low set May 2022 ending in a strong reversal signal based on candlestick reading.

The current candle on the weekly timeframe for LOOMBTC is now trading above EMA10, EMA21 and EMA50.

We went long on this pair June 28.

Already looking nice and ready to grow some more.

You can find more details on the chart.

Thank you for reading and make sure to come back for more altcoins charts, analyzes and trades.

Namaste.