LEND.USDT (Y20.P4.E2).Macro.Bullish short term
Hi All,
LEND is showing a bullish tone in the short term however as we watch the bigger markets playing out, there is a grey cloud hanging over it. Over bought on the weekly with bearish divergences.
So I do lean towards a bearish scenario in the coming months for the SP500 and BTC (correlation).
This is not to say its a macro trend change, just a bigger correction to take place.
Hence I have factored this into this structure.
What's going for the ALTs is potentially US dollar dropping after a short rally in the coming months.
As I said in my previous post, the markets don't display a directional bias at this point but with a likely correction phase.
Please give me a tick or like for this post.
Regards,
S.SAri
Overview of LEND
Weekly perspective: Support line being the critical level to hold
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