Short
$LOOM loom's Broadening Wedge
LOOM'S price action has been on a tear for weeks as price has only moved upwards, now creating a broadening wedge...
Will this wedge continue to broaden or is a retracement imminent?
#Loom can retrace to Lower prices: 0.25, 0.23, 0.21, 0.19 , 0.17 OR
Price action can continue to newer heights: 0.32, 0.35
Current price: 0.27
Stop loss : 0.282
Will this wedge continue to broaden or is a retracement imminent?
#Loom can retrace to Lower prices: 0.25, 0.23, 0.21, 0.19 , 0.17 OR
Price action can continue to newer heights: 0.32, 0.35
Current price: 0.27
Stop loss : 0.282
Trade closed: stop reached
Newer resistances reached 0.32, 0.35
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.