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$LEND Impulse Wave Idea

Long
BitBookkeeper Updated   
BINANCE:LENDBTC   None
Wave Analysis Elliott Wave lend LENDBTC LENDETH
6
0
waveanalysis elliottwaves lend lendbtc lendeth
Buy: Between 269 and if that doesn't hold then 275
Sell: Between 560 and 568

Stop loss 5% below 275.
Trade active:
Looks like LEND has hit our buy zone and is attempting to bounce off of the .382 fib retracement level to begin the 5th wave of the larger Elliot Wave pattern. Remember that the 4th wave never corrects beneath the 1st wave. Good entry point here.
Comment:
The chart was drawn correctly but I stated to buy at 269. That is incorrect. The buy zone is between 280 and 320. Looks like LEND has hit our buy zone and is attempting to bounce off of the .382 fib retracement level at 303 to begin the 5th wave of the larger Elliot Wave pattern. Remember that the 4th wave never corrects beneath the 1st wave. Good entry point here.
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