Short
LEND/USD due for a correction
Updated
Lend looks due for a correction. A clear rising wedge pattern is forming in conjunction with decreasing volume and a downtrend in the MACD.
Looking for a ~30% drop to around $0.10. To see the significance of this level you must look far back into Aave's history:
A bounce from this level (turning resistance into support) would be a strong bullish sign for LEND going forward. The DEFI space has a bright future.
Looking for a ~30% drop to around $0.10. To see the significance of this level you must look far back into Aave's history:
A bounce from this level (turning resistance into support) would be a strong bullish sign for LEND going forward. The DEFI space has a bright future.
Note
Right now we are right on target... I didn't expect to nail the price curve like this, that's not exactly the point, but cool too see!Want to see some support around the $.10 mark for this to look like a trade opportunity. Expecting a bit of consolidation in this region and hopefully a new bull trend from there.
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.