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LENDUSD

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.
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by cryptohopper
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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
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by ssari
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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.
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by ssari
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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
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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
DEFI continues to rip!There are a lot of coins that are still looking for use cases out there. I remember when there were coins that said that they can do anything and everything. They would even tie your shoe for you! According to the shills that is. Right now in crypto, there is a group that just doesn’t stop. That is the newly founded Defi movement. These coins have found an area where they can actually be useful. In a world where interest rates are in the zero bound, how can savers make their 7%?It sure isnt high interest savings accounts or bonds. What about high dividend paying stocks? Well dividends are being cut left right and center! Defi has that answer with many different ways to make that happen. So what coins are part of this? Well there are a couple of ways to track them. I personally have made lists from some of the sites like coinmarketcap and coingecko. They both have tabs specifically for the Defi movement. FTX exchange also has a Defi ETF that gives you exposure to some of the bigger names in the space. We will use that as a charting tool. So if some of the bigger names in the space have done 100% in 50 days, what are some of the smaller cap coins doing? The answer is way more. We can cover some of the specific names over the next few days, but one thing is for sure, this is the area that the money is flowing to right now in crypto. So manage your risk and keep your head on a swivel! Happy Trading! Brandon Anderson www.derzzycharts.com
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by derzzycharts