LEND, may be we should wait
When looking at the daily chart with the fib retracement, we note that LEND has hit the 61.8% retracement level and at the same time the conversion line is crossing the base line of indicator in the oversold zone. Therefore this is a good signal for going long at 178 (61.8%).
But I will be cautious.
When analysing the weekly chart, the indicator shows a overbought situation. In addition to that, the tenkan sen and the kijun sen are flat and correspond to the 50% retracement level same as the twist (the cross between the SSA and the SSB).
From my analyses, prices will retrace to at least the weekly flat tenkan sen and kijun sen before resuming their uptrend move.
If you go long on daily targets the nearest fib level.
But I will be cautious.
When analysing the weekly chart, the indicator shows a overbought situation. In addition to that, the tenkan sen and the kijun sen are flat and correspond to the 50% retracement level same as the twist (the cross between the SSA and the SSB).
From my analyses, prices will retrace to at least the weekly flat tenkan sen and kijun sen before resuming their uptrend move.
If you go long on daily targets the nearest fib level.
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