Will stop credit slavery? LEND/BTC analytics
BUY: 0,00000230 - 0,00000245
SELL: 0,00000330 - 0,00000354
STOP-LOSS: 0,00000225
Support: 0,00000240
Resistance: 0,00000337
ETHLend platform uses Ethereum blockchain and offers the idea of decentralized lending on the peer-to-peer network basis. Users can receive and provide loans in the conditions of anonymity through smart contracts, using an internal cryptocurrency as collateral.
Users will be able to receive loans, leaving LEND tokens as security. For an outstanding loan, collateral will be transferred to the creditors.
On September 12, the token updated a minimum, the price stopped at the level of 0.00000141. After a fall, the average volumes rose sharply, having increased 2.5 times, but at the same time, they are unstable. We assume that it can appear due to the main activity of the platform (tokens are purchased as collateral). The formed upward trend continues. But It is worth noting the sharp drop in trading volume in October's end. At the moment it is 10% of the average. Following this, the volatility dropped to 2-5%. These factors give reason to believe. that in the near future we can see a sharp drop in the price of the token. It is worthwhile to draw on the speed of price change in the range of 0.00000287 - if the quotes move downwards quickly, then a minimum update is possible. The closest support line is at 0.00000240, so the entry points should be no higher than 0.00000230 - 0.00000245. Be sure to put a stop loss on the level of 0.00000225.
Taking into account the low liquidity and volatile volumes, the coin is poorly suited for intraday trading at the moment. In addition, it is worth noting dubious prospects for further development of the project.
SELL: 0,00000330 - 0,00000354
STOP-LOSS: 0,00000225
Support: 0,00000240
Resistance: 0,00000337
ETHLend platform uses Ethereum blockchain and offers the idea of decentralized lending on the peer-to-peer network basis. Users can receive and provide loans in the conditions of anonymity through smart contracts, using an internal cryptocurrency as collateral.
Users will be able to receive loans, leaving LEND tokens as security. For an outstanding loan, collateral will be transferred to the creditors.
On September 12, the token updated a minimum, the price stopped at the level of 0.00000141. After a fall, the average volumes rose sharply, having increased 2.5 times, but at the same time, they are unstable. We assume that it can appear due to the main activity of the platform (tokens are purchased as collateral). The formed upward trend continues. But It is worth noting the sharp drop in trading volume in October's end. At the moment it is 10% of the average. Following this, the volatility dropped to 2-5%. These factors give reason to believe. that in the near future we can see a sharp drop in the price of the token. It is worthwhile to draw on the speed of price change in the range of 0.00000287 - if the quotes move downwards quickly, then a minimum update is possible. The closest support line is at 0.00000240, so the entry points should be no higher than 0.00000230 - 0.00000245. Be sure to put a stop loss on the level of 0.00000225.
Taking into account the low liquidity and volatile volumes, the coin is poorly suited for intraday trading at the moment. In addition, it is worth noting dubious prospects for further development of the project.
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