LEND token economy consists of several token utilities, which are used on the decentralized applications created by ETHLend. Mainly LEND token is used as a lending currency in decentralized lending by providing a medium of exchange that amounts to zero-fee lending for the market participants. Such economy is designed to create demand for the LEND token by user adoption, re-engagement and growth.
EthLend (LEND) Trade Analysis by Alan Masters
Let’s take a look at the charts and we start with the weekly:
- LEND has retraced completely after January’s high and it is now sitting at its lowest prices since this token was added to Binance.
- The market is reviving and picking up momentum. Prices are no longer falling as much as before. And even though many altcoins created a new low in November, LEND created a higher low compared to September.
- We have increasing and both and trending up.
- Here is a very low risk trade, with massive potential profits on the up way.
LEND Trade Instructions by Alan Masters
Buy in: 0.00000190 – 0.00000210
Next support: 0.00000170
Stop loss: Close weekly candle below 0.00000140.
Capital allocation: <10%.
I AM A WINNER & I LOVE MYSELF
Remember to diversify.
Remember to play safe.
Remember to stay calm.
If you want to win on this trade.
Feel free to buy in to enjoy and profit from this trade.
Any questions feel free to use the comments section below.
We are aiming for our first target.
Patience is key.
- High volume breakout above EMA10 and EMA50.
- Bullish RSI.
- The green zone is our recommended buy in.
- We continue waiting patiently until we start to hit our targets and collect profits.
(1) 0.00000290 -Reached 4-Mar. @0.00000279
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