Loom Network, ThorChain, Lido DAO (LDO)
Cryptocurrencies had another rough week as the US dollar index (DXY) and bond yields fell. Bitcoin fell to $26,000 and Ethereum fell to its lowest level in months. There was no big news except for the next trial of Sam Bankman-Fried (SBF). This article looks at some of the top coins to watch such as THORChain (RUNE), Loom Network (LOOM) and Lido DAO (LDO).
Loom Network price prediction
Loom Network prices have defied gravity over the past few months. It has risen above this month's lows to $0.300, ~670%. It has become the best performing cryptocurrency in the world. Along the way, the coin jumped above the 50-day and 100-day moving averages (MA).
At the same time, oscillators such as the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to overbought levels. He jumped above the clouds of Ichimoku. This increase happened after the coin was listed on the likes of Gate, LBANK and Binance.
Based on Wyckoff's model, I believe the risk/reward ratio is currently unfavorable. In other words, the token has moved to a token level, where demand usually exceeds supply. So, now it follows to the distribution stage (markdown). As such, the outlook is now bearish, with the next level at $0.15.
How to buy $LOOM
Binance
Since its inception in 2017, Binance has grown exponentially and is now one of, if not the, largest cryptocurrency exchange on the market.
Bitfinex
Bitfinex is a Bitcoin exchange platform that provides advanced services to digital currency traders and liquidity providers.
THORChain price prediction
The daily chart shows that the price of RUNE rose to $2.26 on October 1st. As recent activity fades, it has now retreated. This is a sign that the Wyckoff model has entered the diffusion phase. He also made a channel that goes up and is now located on the lower side.
RUNE price has formed a bearish divergence pattern, which is usually a bearish sign. The Stochastic Oscillator has moved to the oversold level. After all, he created a small hammer design. This pattern shows that the coin will continue to rise as buyers target the resistance point at $2.0. This view is worthless if it moves below the hammer low of $1.50.
How to buy RUNE
Binance
Since its inception in 2017, Binance has grown exponentially and is now one of, if not the, largest cryptocurrency exchange on the market.
KuCoin
KuCoin is a global cryptocurrency exchange for multiple digital assets and cryptocurrencies. Launched in September 2017, KuCoin has become one of the most popular crypto exchanges and has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin's monthly special visit ranks 5th globally.
Lido DAO price forecast
LDO prices were in a tight range amid prolonged sluggish growth in the liquid stocks industry. It found strong support at $1.41, which is the downside of the lower triangle pattern.
The price of Lido DAO is consolidating at the 50-day moving average and the Stochastic Oscillator has moved towards the oversold point. Therefore, due to the descending triangle pattern, there is a possibility of a trap now that the triangle is approaching the intersection zone.
