LOOKSUSDT trade ideas
LOOKSUSDT.P Prediction (2H, 1D)My prediction for LOOKSUSDT.P is that the price will climb up to 0.1075.
My prediction is based on my analysis of the daily chart:
As you can see in the screenshot, the price has successfully escaped the zone and is currently on an uptrend. I expect the price movement to keep its momentum until it reaches the most recent resistance level (on May 17th) at least.
An ideal entry price would be 0.0884, which is the price of the top line of the zone in the 2H chart.
If the price drops down to this level, this will be our entry point for the long position.
This is also equivalent to the 0.618 level when we apply the FIB retracement based on the most recent swing low and high.
Our exit point will be the price of 0.1075, ideally where the resistance level and the green trend line makes contact.
LOOKS final target 0.181D time frame
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We've talked about LOOKS head and shoulders structure before it formed(ref.1). That trading plan is profiting well so far, and still have a target at 0.08~0.09. According to the wedge structure on higher time frame(1D), we can aim the final target at 0.18
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ref.1 Head and Shoulders
LOOKS bottom Head and Shoulders2h time frame
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LOOKS creating a potential bottom HS. Currently, getting support at 0.046 and breaking falling wedge with strong momentum, this trend might create right shoulder structure. Neckline of this HS is obvious at 0.07
Once LOOKS break neckline on upside, there are three targets as below.
TP: 0.078~0.083 / 0.089
LooksrareHoly moly
Haven't looked at this chart in a long time tbf but wow
98%from top
89% more recent sell-off..
64x to aths wow
Its also technically broken downtrend and could be forming a reversal pattern here.. but trend is friend and if noone uses the product its not worth anything I suppose
Was tipped as one of the better opensea competitors at onepoint i think..
Interesting chart..
#LOOKS/USDT 1D (ByBit) Falling wedge breakoutLooks Rare finally regained 20EMA support and seems ready to push towards 100EMA resistance.
⚡️⚡️ #LOOKS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.6X)
Amount: 5.1%
Current Price:
0.06390
Entry Zone:
0.06400 - 0.05740
Take-Profit Targets:
1) 0.07835
2) 0.09165
3) 0.10490
Stop Targets:
1) 0.04620
Published By: @Zblaba
BSE:LOOKS #LOOKSUSDT #LooksRare #NFT
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +46.5% | +81.6% | +116.5%
Possible Loss= -38.9%
Estimated Gaintime= 1-2 months
looksrare.org
37% Bounce Imminent!Monthly looks bullish as support as been holding since May 24th. I expect another leg up temporarily to slightly above $0.122 region in coming days..
Ps remember to set stoploss as trade can be invalidated at times due to MM manipulation.
But am sure this 37% bounce must occure!
Wagmi!
LooksRare / USDTOn the left side of the chart, we can observe a W-shaped pattern that developed between November and January.
The price reached a peak of 0.3920, which was then followed by a decline.
Subsequently, three consecutive higher lows formed an ascending W-shaped pattern, targeting 1. 0.2197 and 2. 0.2905.
LOOKSRAREUSDTLower end of the accumulative zone here bouncing off support
Can still stake this thing for like 40%apr
Buying the bottom (here?)
And staking until the next bull market will prove a very profitable strategy, HODL like profits with 40%ish on whatever the eventual valuation of your bag is come the bull market
Yield is payed in eth so you’ll have your investment back via eth returns if you stake from here imo