CyrusTheGreat

LEND/BTC - 4H graph - Resistance tested multiple times

Long
BINANCE:LENDBTC   None

Fact 1: Resistance around 730 was tested 6 times only in the last 7 days.
Fact 2: There is strong accumulation with good volume exactly under the above mentioned R.

On April 13 we've seen some HUGE volume. This is a good sign in terms of potential future moves.
This one is hidden gem also because it's super far from A TH which was around 2800.


I can see this one moving parabolically similar to the breakout we experienced for Walton which was silent for many days after I posted the chart and just exploded today. It hit the first resistance area and it was rejected just to start moving up again.

ENTRY: The best one would be above confirmed 1h breakout, hopefully it won't be a huge bar :)
TARGET: For LEND I can see the first target around 890 which was a pretty strong support in the past.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.