Lend looks due for a correction. A clear rising wedge pattern is forming in conjunction with decreasing volume and a downtrend in the MACD.
Looking for a ~30% drop to around $0.10. To see the significance of this level you must look far back into Aave's history:
A bounce from this level (turning resistance into support) would be a strong bullish sign for LEND going forward. The DEFI space has a bright future.
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Right now we are right on target... I didn't expect to nail the price curve like this, that's not exactly the point, but cool too see!
Want to see some support around the $.10 mark for this to look like a trade opportunity. Expecting a bit of consolidation in this region and hopefully a new bull trend from there.