LOOMBTC. PONTENTAIL REVERSAL PATTERN

Feb 3, 2020

LOOMBTC has maintained it's move to the down side, making a lower lows which has practically staying inside a bullish reversal chart pattern called the FALLING WEDGE. The most important part is the breakout point from the descending resistance level. The falling wedge which has lasted for 133days, which could see a massive move to the upside. Entry will be a bit higher so as not allow the body of the candlestick to close above the descending resistance, which will confirm the breakout and to also allow price to close above the 100 DMA.

Feb 3, 2020

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Feb 6, 2020

Trade closed: stop reached

Reached 18%, but closed by the -3% TTP.

Feb 6, 2020

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Feb 6, 2020

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Re-entering at the new support at 260sats with 8% SL

Feb 6, 2020

Note

Re-entering at the new support at 269sats with 8% SL