Get started

Lend

$LEND. 1D. Protracted correction begins.Target - $0.3Aave (LEND) is the DeFi lending protocol that allows users to lend and borrow a wide variety of cryptocurrencies using both stable and variable interest rates. Today on 10 September, this project came out on top in terms of capitalization among Defi with $1.55 billion ( "with a help" of Sushiswap , which separated from Uniswap and brought $1.3 billion) Aave (LEND) for 12 months from 08.2019 to 08.2020 has risen in price by 30,000%, that is x300. Since the beginning of March, LEND has shown an almost parabolic growth, which sent prices to a record high $0.90 on 26 August. But it looks like Aave (LEND) is starting a protracted correction. At least, horizontal volumes show sales above $0.54 Parabolic growth without corrections shows itself and can provoke a strong fall , at least to $0.27-0.30, in order to find a fair market price with equilibrium supply and demand without information "inflation" of the price. Hype growth will be eligible for continuation if the price fixes above $0.75. ___________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
LShort
by P_S_trade
2
Aave Technical Analysis: LEND Struggles With Recovery To $1.0 As Aave free-fall from $0.9 embraced support at $0.42, paving the way for recovery. LEND is facing resistance at the 100 SMA as well as the descending channel. The current bearish market did not spare any particular cryptocurrency; be it Bitcoin, major, minor, or altcoin. In the previous weeks, the decentralized finance tokens like Aave (LEND) rallied, sometimes for no apparent reason other than speculation. For instance, Aave spiked incredibly from the levels traded on August 1, around $0.30 to highs close to $1.0 in the last week of the month. The same meteoric growth was posted by other DeFi protocols including Yearn.finance, Uniswap, and Curve Finance among others. September has started in a different note, not just for Aave but for the entire cryptocurrency market. Bitcoin, for instance, is trading at $10,300 following a sharp drop from $12,000 (resistance) to support at $9,900). Aave has also been battered massively after hitting a wall at $0.9. The reversal that ensued following the barrier, has forced LEND below key levels including the 61.8% Fibonacci retracement level of the last drop from $0.9 to a low of $0.42, the 100 Simple Moving Average (SMA) including $0.5. The price explored lower levels towards $0.4 but a monthly low was traded at $0.4270. A wider scope of the token in the 4-hour range shows the price falling within the confines of a descending channel. Recovery from the dip has not been straight forward, especially with the resistance at the 100 SMA ($0.5710). The Relative Strength Index (RSI) also shows consolidation is likely to take precedence before any breakouts come into the picture. Note that, gains above the channel resistance would be a great boost to the price in helping to stage the journey towards $1.0. Aave Intraday Levels Spot rate: $0.5682 Relative change: -0.01 Percentage change: -1.7% Trend: Consolidation bias Volatility: Low
L
by CoinGape
Don't miss the great buy opportunity in LENDUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.47986). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LENDUSD is in a uptrend and the continuation of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 0.66352 TP2= @ 0.75884 TP3= @ 0.87275 TP4= @ 0.97969 TP5= @ 1.12848 TP6= @ 1.32144 SL= Break below 0.47986 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
LLong
by ForecastCity
23
LEND Offering Excellent Entry OpportunitiesAAVE (LEND) is among the most capitalized DeFi tokens. After a remarkable 5,000% run, the coin seems to be in a correction phase, which provides an excellent entry opportunity for investors looking to increase their DeFi holdings. Recap: AAVE is an open-source and non-custodial protocol that allows clients to borrow and lend a wide range of cryptocurrencies with variable and stable interest rates. AAVE has a unique system that allows for rate switching, enabling clients to switch between "stable" and "variable" interest rates. The platform's native token "LEND" provides discounted fees for holders. The platform uses 80% of the fees earned from borrowing to burn LEND tokens. This process leads to an increase in demand and a decrease in supply. LEND on the Chart The token reached its all-time high on August 26th, 2020, when it peaked at $0.9. However, the coin has lost 30% of its value over the past week. LEND is particularly volatile and has had several corrections this year, ranging from -30% to -70% in March this year. We have identified three main support levels where the coin may bounce: Support 1 $0.5: This level was the resistance when AAVE hit its previous all-time high in January 2018. It has been briefly tested as a support level in August 2020. It now stands at -44% from the current all-time high. The token has just touched upon this support level, whether it will hold or not remains to be seen. Support 2 $0.38: This level was an important resistance throughout July, which caused LEND to crash more than 40% after reaching it. It stands at -57% from the all-time high. Support 3 0.2$: This support level helped the token bounce after its previous correction, and it currently stands at -78% from the all-time high. Although we can never tell for sure in the Crypto market, at least one of these support levels will likely hold and make the token bounce. The token previously crashed and lost 99% of its value when it dropped from $0.5 to just $0.003 in 2018. However, the probability of a devastating correction is significantly lower now due to the improved fundamentals and DeFi momentum.
L
by cryptohopper
3
LEND.BTC (Y20.P4.E1).Stalking gems in the making.no.2Hi, This is a continuation from a series of posts about LEND, links are provided below. OBSERVATIONS: ================================================================= > Trend line as per chart has confluence with the 12 hrly 21\34 EMA ribbon; > Trend is intact with higher highs and higher lows on the 12 hrly; > Indicators tell me that its likely we found support here and hence looking for a bottom turnaround on the KDJ and Phoeix; > This could be the ABC correction and hence a consolidation pattern is likely to take place; > BTC is ranging for support and likely slowly move up once its confirmed once again 11600 being defended - refer to my BTC post and its update; THOUGHTS: ================================================================= > We can have an ascending triangle of some sort with ABCDE Elliot move, as per ascending horizontal triangles or a symmetrical one; or we have a 123 impulse which is less likely because like LINK it takes time to get the momentum going; > Looking for a bullish candle in the smaller timeframes, x2 candles will do it; eg 4 hrly; Please give me a like or tick for this post. Regards, S.Sari 12 HRLY chart 4 HRLY chart LEND against the USD\T PREVIOUS POST
LLong
by ssari
2
LEND + YFI + CRV | Levels for DeFi Yield Farming Tokens 🌾🚜🐄💬 Any cross-section of DeFi will look good due to yield farmer FOMO. However, some serious projects like LENDUSDT, YFIUSDT, CRVUSDT look especially good to us from both a TA and FA standpoint. Yield farmers can utilize LEND's AAVE platform to farm Curve's yCRV using YFI Vaults. Meanwhile, while Curve's current chart looks a bit like how do you say 💩, the underlying Curve technology is interesting, and thus at least some of those farming yields may want to be aware of support and resistance levels not only for LEND and YFI, but for Curve as well (even if only to maximize gains from yields). Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- LENDUSDT Support: S1: The S/R Flip range is where the most bullish of bulls will hope to find support. There is no rule that says LEND needs to consolidate more or test lower support before running. This DeFi gem is hot and could keep moving. S2: Sure S1 is nice, but for a healthy uptrend there is no better support for bulls than the S2 S/R and orderblock range. This range would offer just the right amount of consolidation and could even result in a move right off the trend line. S3: A quick wick down to the S/R and orderblock cluster if S2 doesn't hold also makes sense. We lose bullish market structure below this, so look for S3 to save us if things get shakey. YFIUSDT Support: S1: There is only one logical place to look for support for YFI, that is this orderblock cluster at the bottom of the consolidation range. Not like other support can't be found, but one doesn't want to see too much retracement after such a run. Resistance: R1: The S/R flip at the previous swing high is our first resistance point. R2: If the bulls can take R1, then the orderblock range at the previous high is our last point of resistance before YFI's price starts putting BTC to shame. CRVUSDT Support: S1: People are farming CRV and dumping it, striping VC Curve holders of their natural resource (value). That said, bears better hope the farmers can dump below the S1 orderblock range, because there is some solid support there and the more it is tested and holds, the more it looks like a potential bottom. Resistance: R1: Everyone is likely to take profits at the orderblock at the previous high, so watch for resistance here. R2: A break above R1 means an uptrend could be in the works, it would be wise to look for a pullback at the S/R flip range here and consolidation on R1. ----- Summary: People are rushing into LEND and YFI to farm coins like CRV. As long as that gambit is playing out, we should see the current trends continue. Given that, we want to look for entries in LEND and YFI at support and cautiously dump our CRV crops at resistance. That said, Curve has some potential as an FA play, so it may be worth watching for how it reacts at support and resistance before fully dismissing it. Resources: defiprime.com ✨ Drop a comment letting us know what you think of this down below! ✨
by AlphaBotSystem
8
LEND.USDT (Y20.P3.E2.v3). Stalking. Area of interestHi All, Keeping this short, as the chart explains many points. > Area of interest has 21/34 has confluence with the fib level and previous resistance. > Looking at the indicators and structure along with BTC price action, expect more drops for a nice entry place. Note: 8 HRLY chart with indicators showing downward pressure in the short time frames, long term, the pressure is still upwards. > Macro trend is upwards > Previous pullbacks have similar indicator values as of now > Why current resistance is a likely to be a pullback area, refer to the chart below, using fib. levels, etc As for me, I am stalking this area for now and envision this type of price action. My area of interest at this point is ~$0.5 (0.469 to 0.49) Cheers, S.Sari 4 HRLY chart, looking for a small bounce on the ema ribbon for the ABC correction move to the level of interest as discussed above. Overview of price action Daily chart, downward pressure shown by the Phoeix indicator but not to expect much of a pullback. We need a few days to be able to see what the RED rsi does.
L
by ssari
2
LEND.BTC (Y20.P3.E3.v3).Gems in the making.No.2Hi, This is a continuation of the previous post, link below. This is part of my Defi - Gems in the making series, No2. Kava is No.3, SOLBTC will be No.4, etc As you can see, I have updated my chart and target areas....I suggest keep going long. Why, I expect 3 or 4 impulse moves before another major pullback or sell off. (Until BTC hits its target, we will likely not have a sell off) However its better to keep raising your stop limits, strategically placed as we go up. With regards to the next target, I have noted the following: - The height of the formation has confluence with the fib level, extension - Using the CPR tool on the weekly R1, it too has confluence with both the height method and fib. level. However the trend line is also a strong resistance FYI, with regards to LINK, I would suggest looking at the chart and place a stop loss or sell soon. Apply the stick test on the bottom trend, If its vertical, its unlikely to be sustained. Please give me a like or tick for this post. Cheers, S.Sari PREVIOUS POST
LLong
by ssari
1
LEND.BTC (Y20.P3.E3.v2).Gems in the making.No.2Hi All, *** This is a continuation of the previous post, or an update of the link below, Price Action explained **** I constructed this chart prior to the drop. But the macro approach doesn't change. The title is related to a few coins, Gems in the making will focus on specific coins that have demonstrated a clear parabolic curve pattern. No. 1 goes to LINK.BTC, which I had a previous post with this as part of its title. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ANYONE INTERESTED ============================================================================================ The vision: I would like to build a team, a community maybe, limited no. where we work as a team on TA of the charts and we all benefit. There is a criteria, you have to have the same values and mindset with the team. It won't be easy to build this team but why not start. For now, its only a thought but if you interested let me know, and I can start planning the platform or forum to do this. The vision, we work together going through the list of crypto, do quick summary of each and routinely review them together. The criteria is that you know the basic fundamentals of TA and demonstrated it (by publishing your works where I can have a look). I don't just want anyone but people who have the same mindset and are willing to do the work as a team. For now, its just the planning I would like to do. ============================================================================================ Now for LEND.BTC As a student in the art of TA more precisely price action and chart structure, I am very interested to building my knowledge base. What really is frustrating is time and what can be achieve while this anticipated macro bull run is in the making. Here is a new subject i'm trying to get good at and its identifying Parabolic (curve) structures. LEND.BTC definitely falls into this as demonstrated on the chart. So lets begin in point form > > LEND has demonstrated 4 bases > It has an increasing support trend-line, which the angle increases after each base completion > Respecting the 21/34 EMA along the daily > Climax ending\extention after base 4 > Pullback complete to 0.5 fib level > ****** The KEY thing here, its done a double top ********* > The double top is what I'm playing my bets on, and that fractal is from BTC 2017 bull run, a similar structure even prior to 2017. I'll put a sample here. MY THOUGHTS: ======================================================================== This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings. Scenario lay-ed out: > We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave. > We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind. > However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly. > We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below) So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most. With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react. The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure. Some are about to finish and start a pullback while others are looking to start the 2nd leg. The BTC fractal associated with this chart and potential direction The next project > SOL.BTC
LLong
by ssari
LEND.BTC (Y20.P3.E3).Price Action explainedHi All, LEND BTC pairing just went through a Parabolic curve pattern (with 4 bases) and peaked with a nice pullback to an expected fib. level.(0.5) macro level. This reminds me of 2 scenario's. The early stages of the BTC bull market which had 3 or 4 parabolic runs. OBSERVATIONS: > Daily chart: 21/34 EMA recently tested and passed with a double top. I have a fractal on the BTC that gives an insight what its likely to do, chart below. > Daily indicators show downward pressure however not a strong pressure as the MACD will likely bounce off the signal line if it comes to it. Phoeix shows the downward pressure energy with the 2 RSI crossing reflecting both the MACD and stoch. THOUGHTS: I am of the opinion that we will come out of this like the fractal below with another parabolic run to this current one. As per my initial chart, we have the 21 ema daily tested and a double top with the 2 fib levels tested, so leaving one more fib level to test before going to the upside again. Depending on the market SP500 or Gold PAUSE\go sideways, then it is likely for LEND and other ALTS to start the next their run. NOTE: SOL and LINK are probably peaked and will do what LEND has already done with some formation of consolidation. Please give me a tick or like for this effort. Regards, S.Sari PARABOLIC curve pattern\structure Daily chart: 21/34 EMA recently tested and passed BTC Fractal likely type of pattern after a parabolic run that has a double top follow through SOLBTC comparison
LLong
by ssari