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mafaizer
Jan 27, 2018 8:36 AM

LENDBTC On Binance Looking Promising! Quick Profits + More Long

Description

LENDBTC is looking really promising on the dailyright now. At the apex of a big symmetrical triangle , stoch pointing upwards and MACD will do a golden cross in a day or so. On the 4H we are flattened out on the MACD and support seems to hold there as well.

The best part about LEND is that we can have several targets, short term and a little bit longer.

Trading instructions:
We're at the apex of this triangle now, at support levels. If we break down we do have another support zone. I don't think we will drop down more so we can use a tight stop loss here, if we trigger our stop loss we can rebuy at the lower trend line.

Short term:
Target 1: 0.00001674 (10% gains)
Target 2: 0.00001888 (25% gains)

Longer short term:
Target 3: 0.00002116 (40% gains)
Target 4: 0.00002389 (55% gains)
Target 5:0.00002790 (90% gains)

Stop loss: 0.00001438 (-5% loss)

Comment

It triggered my stop loss, and now we're resting at the bottom support.

Looking at the 4H chart it seems we have opened below support, I will wait and see if there will be another entry.
Comments
MattRiedle
What do you think now?
mafaizer
@MattRiedle, I would wait for a little longer to see where we're heading.
MattRiedle
@mafaizer, Thanks for the reply. I sold at 1500 because of BTC. I put a little back in at 1402. Looks like it might have some legs now.
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