Coinathlon

LEND buying opportunity

Long
BINANCE:LENDBTC   None
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.

Also make sure to leave a like as it helps me out a lot!

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AAVE double top formation played out nicely with a perfect touch of the neckline

- Blue zone is heavy support with three clear touches
- Blue zone coïncides with the golden pocket on the FIB extention
- MACD bullish crossover in the making

I would wait for a retest of the blue zone and accumulate between 4200 & 4400 sats to get a nice average cost.

I will set my stop loss right below the golden pocket (4000 sats ), which is rather conservative.

Targets are:
TP1: 5400 sats (25%)
TP2: 6200 sats (just below the .272 FIB & resistance level )
TP3: 7100 sats (just below the resistance level

How do you feel on this pair?

Comments

I think we can look for shorts because we can also draw trendline resinstace from september 13. Target 3821
+1 Reply
Coinathlon Poker_player
@Poker_player, Weird moves since it got delisted off Binance. Doesn't seem to have a nice entry anywhere. Not touching LEND for a while now!
Reply
Poker_player Coinathlon
@Coinathlon, I have on trading view demo position cannot even close once it was removed from binance. Why they remove cryptos?
Reply
Lend is obviously on a downtrend despite major fundamental announcement. Buying zone around 2800 sats will be very interesting.....
+1 Reply
did you enter? Or this is not valid anymore? Agressive d1 down candle and now in correction so now maybe selling should be done?
Reply
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