Aaveusd
LEND.USDT (Y20.P3.E1).Ready for another big moveHi All,
I have not traded with LEND since I missed it the first time, however I feel this is another opportunity.
Really its 51/49% move as its very symmertical in the approach.
What's going for LEND is the following:
> Strong uptrend up till now;
> Current structure doesn't look like the traditional reversals, more so like BTC before it broke up (Crocodile formation);
> Smaller time-frame (charts below) shows that the pressure is upwards based on the CPR levels;
> Many of the DeFi ALTS have been consolidating, re-accumulating for the next stage up (I believe).
> The 2 Day chart below shows bullish candles to the upside. Weekly chart the same.
> 4 HRLY chart > indicator looks like a squeeze happening like others, before the made a move up.
What's your opinion?
Please give me a like or tick for this post
Regards,
S.Sari
4 HRLY chart
2 Day chart
Weekly chart
Some news:
Aave Revamps LEND Token Economics: Adds Staking, Liquidity Mining
Aave is overhauling its token economics by adding liquidity mining and staking to its protocol. The change is aimed at helping LEND holders capture more of the protocol’s growth.
A few minutes later
LEND (AAVE)/USDT - breakthrough points (WATCH OUT!)Hello, Traders!
As a cryptocurrency trader seeing this chart and not being a part of AAVEs growth can be frustrating.
LEND is currently up 1700% since the start of the year, seeing the cryptocurrency at similar prices as the 2018 bull run. Although will this huge growth continue? Or is LEND showing signs of a slowdown? LEND has recently broken its upwards trend and is in the process of its retracement. As shown below LEND is attempting to break above the 0.236 level having found significant support at the 0.382 Fibonacci retracements.
LENDs attempt to break the 0.236 is currently supported by the SAR and BBs. The SAR has given LEND positive momentum, with the SAR line below the price. It also has a fair bit of distance between the line and the candlesticks, cementing that bullish momentum for the time being. Alongside this, it appears as though the BBs center 20 days MA has provided support for LEND.
However worryingly LEND has found support with the lower BB and has not made a significant break above the 20 days MA. If LEND can break further above the 0.236 and use the upper band as resistance – this would be bullish. However, currently LEND is at a crucial stage when concerning the BBs.
In conclusion, LEND is at a crucial point in terms of resistance levels. If LEND can break the 0.236 then the bullish movement will continue. If this occurred it would also turn the neutral indicators bullish. However, if this cannot be broken, expect a downtrend to begin for LEND. The first bearish target for LEND is $0.27 USD, a 10% decrease in price from our current position. The first bullish target is $0.34 USD, a 10% increase from our current position.
Good luck and watch out for the market!
P.S. Where AAVE is heading in your opinion?
LEND AAVE Breakout LENDBTC LENDUSD LENDUSDT LENDETH AAVEBTCLEND AAVE Breakout LENDBTC LENDUSD LENDUSDT LENDETH
