โค๏ธ THIS POST AND I WILL SHARE THE NEXT 10X GEM COIN ๐
#LOOM 4-HOUR TIMEFRAME UPDATE ๐
The LOOM/USDT pair is currently trading at $0.04896 on the 4-hour chart and is forming a **falling wedge pattern.
This pattern typically indicates a potential bullish reversal ๐, suggesting that the downtrend may be nearing its conclusion.
However, as the price is still under considerable pressure, we need to watch closely for any signs of a breakout to confirm the reversal ๐.
About $LOOM Network:
LOOM Network is a platform-as-a-service built on Ethereum that allows developers to run large-scale decentralized applications (DApps) ๐. LOOM aims to be the ultimate scaling solution for DApps, allowing developers to deploy DApps with their own sidechains on the network.
If the price breaks above the upper resistance of the wedge, we could see a significant upward move toward the previous highs around $0.10258 ๐ฅ. However, traders should remain vigilant, as a failure to break out could lead to continued declines โ ๏ธ.
ANY THOUGHTS ON $LOOM? ๐ค