In the past 3 days, EthLend (LENDBTC) has been breaking resistance after resistance with increasing volume.
The resistances broken are marked on this chart as moving averages. We are looking at the classic EMA10 (green), EMA50 (magenta), and EMA100 (blue). I am now using mainly these because they have been working great for us. With these indicators working...
EthLend (LEND) Overview
LEND token economy consists of several token utilities, which are used on the decentralized applications created by ETHLend. Mainly LEND token is used as a lending currency in decentralized lending by providing a medium of exchange that amounts to zero-fee lending for the market participants. Such economy is designed to create demand for...
What is not to love.
Average daily volume under $1M. Likely around 400K at most, but haven't found a good tool that calculates this yet.
Recent daily volume spikes up to $3M
VPVR shows heavy accumulation at current price levels no matter how much one zooms out.
MAs - no bullish cross yet, but bias is weakly bullish because MAs are...
As usual all given on chart. I believe this is the safest setup. Parallel channel and price bounced of lower borders. Price either will move between 200 and 210 before pushing forward, or may breakout on current impulse. Stop loss should be place either below 199 (risky as it may be hit during sidemove) or below 192 (in this case setup proved to be definetely wrong).
Lend seems bullish in Daily chart. MA's supports bullish as well. Price stays on the horizontal support and 0,786 Fib line both. Its about the break out of falling resistance.
Pls make your own analys,its not investment advice.