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Lendusdt

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
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by CoinGape
LEND: Analysis and Trading PlanHi traders and welcome! Price seems to have made a base, at least temporarily, so I want to find good opportunities and post as many as possible for you folks. As you may know, Aave's LEND was one of the leaders of the previous leg up, so it's definitely worth paying attention to I've outlined the analysis on the chart as you guys seemed to like that style best. Make sure you start with number 1 and then go through the rest of the annotations. Now that you're caught up with Price Action (PA), let's take a look at possible price scenarios: The reversal action of the tests is where I would be buying. The green arrows would have the highest probability of a continuation but a more limited Risk:Reward That's it! I'll be posting updates as PA unfolds to keep you guys updated! Follow me to get updates as I post new analysis! Please don't forget to give a thumbs up and be sure to post your entries and ideas in the comment section below! Good luck and till next time traders!
LLong
by ShayanRastgou
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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