Technical analysis by nunooo94 about Symbol LOOM: Buy recommendation (8/21/2024)

Loom got a Structure Breakout of the 1H timeframe. We expect a strong resistance around the area 0,048 - 0,05. MACD signal just crossed, confirming the signal. With the demand increasing in the last couple of days for alt coins, expect a bullish move in the next couple of the days.