Lendusdt
AAVE / LENDUSDT ✅ Huge Uptrend, Looking at Horizontal Levels MTF💬 Aave's LEND token is taking DeFi to a whole other level with its bullish price action. LENDs BTC pair recovered from a low of 30 sats and is currently trading at over 2000 sats. That is an impressive run, to say the least.
While the bullish price action gives every reason to bet on the bulls, long term investors may want to be cautious given the recent rejection of the daily time frame orderblock not too far from LENDs BTC pairings previous All-time high.
Let's take a look at some short-term and long-term levels to see what's in store for LEND bulls.
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Support 30 min:
S1: The S1 S/R bullish orderblock is the first point of support for the bulls. A quick move off this followed by more upside is ideal, although not the most likely scenario.
S2: The S2 orderblock provides the next line of support for bulls. A quick touch here before a move up could make sure LEND keeps mooning without delay.
S3: The S3 cluster is logical support for the bulls to hold. It shakes out some "weak hands," but gives bulls solid support to re-accumulate at and retest before a move up. If S3 falters, there is a lot of local support to act as a backup as well. Very logical support level.
S4: If S3 falters, the S4 orderblock cluster is the backup, could be a quick retest of this level if S3 seems to be holding.
S5: The S5 cluster is the last hope for the bulls if S4 can't hold. We can still run from here if needed, but best not to have to retest this level. It is a long way down if the bulls can't hold this run, so best not to test lower support levels.
Resistance 30 min:
R1: The R1 bearish orderblock is the only thing that stands between the bulls and new local highs. However, it is important to be aware of the higher time frame resistance bulls face.
Support Daily:
S1: The S/R flip at 1800 sats is the most logical support for the bulls. With price action like we see in LEND, there is only so much the bulls can give back before the bears go all Revenant on them.
Resistance Daily:
R1: The daily time frame R1 orderblock has already acted as resistance and likely will again.
R2: The R2 previous top range should act as a final point of resistance until if and when the bulls can make new highs.
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Summary:
LEND is super bullish, and DeFi in general is bullish right now. However, despite this, bulls and especially investors need to take the long-term resistance levels from 2018 into account.
Resources:
aave.com
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LEND/BTC (Bearish Pattern Confirmed)LEND/BTC
-confirmed the bearish H&S pattern
-there is no clear support until 1087-1019
-if you are looking for buy re-entry
-highlighted on the chart is a good buy zone
Bulkowski's DBL BTTM great TP LENDBTCAgain; will update later.
I know there were some questions on the last publication (TNT; i'll get to it tonight) just wanted to post these two (chainlink & lend) for they are primed for solid entries, with volume/bb/kc/bol/sqz & all fundamentals pointing to signs of parabolic movement with the cherry on top being (in the case of this publication -- the dbl bottom) yet with chainlink; the inverted H&S.
TP figure provided courtesy of fib spiral.
I posted on my Twitter a buy signal for BANDBTC last night though was too exhausted to publish...hopefully some of you/any of you caught it. If not, check my handle -- same as this one.
Remember to set your stop loss!! The red horizontal is always the most important.
If you're conservative TP1 though on both LEND/LINK i'm taking aggressive positions for these are two low risk low reward coins & in the event we don't reach our TP threshold; resistance/support pivots us downwards, it's no biggie because these are two tokens that will ALWAYS consolidate -- that you can count on. ESP. CHAINLINK.
This signal works well on LENDETH (as well) if that's your cup of tea -- go for it. Same goes for USDT.
Stay safe all. Will update later!
Peace & Love.
TradingView / Linkdin / Stocktwits / Steemit / FB / Cent / Medium / IG / etc. etc. etc.
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LEND/BTC (Another Leg Up Breakout)LEND/BTC
-Cross Ultimate indicator signal is up
-another leg up breakout
-a retest of new support
-new higher high
-new support at 444s
-upside potential is up to 870s
-key stoploss is below 439s
Hidden Bullish RSI Divergence on LEND/BTCHey all, here’s another entry on my tradingview series called 'Quick Updates'.
What a perfect hidden bullish RSI divergence here on LEND! This is a bullish continuation pattern, where the price makes a higher low, while at the same time the RSI makes a lower low. The bottom of this divergence is the perfect moment to enter a trade.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!