Over the past year LENDUSD (Aave) has risen 20,000%.
Right now we see a retracement which may find support on the previous ATH of 0.36 (blue horizontal).
MACD is also trending down on the Weekly time-frame.
Now may not be the best risk/reward moment for longer-term trading or investment in Aave, however given the epic performance over the past year, this is one to watch.
A consolidation phase will produce several strong entry opportunities in coming weeks, possibly months, before LEND gets going on its next leg up.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Right now we see a retracement which may find support on the previous ATH of 0.36 (blue horizontal).
MACD is also trending down on the Weekly time-frame.
Now may not be the best risk/reward moment for longer-term trading or investment in Aave, however given the epic performance over the past year, this is one to watch.
A consolidation phase will produce several strong entry opportunities in coming weeks, possibly months, before LEND gets going on its next leg up.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
