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ForecastCity
Sep 11, 2020 5:25 PM

Two buy opportunities on this chart for LENDBTC  Long

BINANCE:LENDBTC1D

Description

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Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000577).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LENDBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.

Take Profits:
TP1= @ 0.0000699
TP2= @ 0.0000785
TP3= @ 0.0000874
TP4= @ 0.0000996
TP5= @ 0.0001150

SL= Break below S2

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LENDBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.

Take Profits:
TP1= @ 0.0000699
TP2= @ 0.0000785
TP3= @ 0.0000874
TP4= @ 0.0000996
TP5= @ 0.0001150

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorslendBTCBitcoin (Cryptocurrency)LENDBTClendbitcoinbitcoinforecastbitcointradingbitcoinanalysis
Comments
Pro_Trader_007
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Good job. Thanks
ForecastCity
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@Pro_Trader_007, It's our pleasure! Thank you for your comment.
PolarHusk
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GoodJob
ForecastCity
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@PolarHusk, Thank you!
Kristalyn
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Very nice chart.
ForecastCity
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@Kristalyn,  You're very welcome!
Sir_Ray
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I liked the excellent analysis
ForecastCity
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@Sir_Ray, Thanks for your comment.
ForecastCity
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@Sir_Ray, We wish you good luck with your trades.
Saeed966
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Good luck
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