As you can see, we broke the bullish parallel channel and now we are in the descending triangle, which is bearish setup. Retest of the trendline was successful, so there is no need to go up anymore.
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Since our initial analysis on LEND projecting a 20,0005 upside potential...
...price so far is following our rounded bottom formation with MACD showing increasing negative momentum.
We continue to watch for support at the horizontal level (blue line) over the coming weeks.
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AAVE double top formation played out nicely with a...
Don't lend it, profit from it. Similar pattern here to what we've seen on Link as well actually. This one is poised to make new recent highs, I believe. Fractals never lie. Fib Goals are in gold, invalidation in red. NFA.
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...
Project Land is making every effort to become the most important lending token in the world and intends to unveil the largest lending structure in Blockchain in its update. This will increase the price of land.
Aave is on the verge of a descending wedge breakdown, emphasizing the bearish grip.
LEND/USD to seek support at the 50 EMA and the range between $0.50 and $0.45 if selling pressure mounts.
Aave currently holds the third position in decentralized finance (DeFi) as far as the total value locked is concerned. Data by DeFi Pulse shows that Aave has $1.52 billion...
This is in line with my other chart for LEND.USDT post, link provided below.
Most ALTs are doing some bottom like formations before we see many braking out to the macro level, BTC dominance soon to drop significantly, as I and many forecast it to be as the bull market gets momentum at these early stages.
LEND is one of those who has a nice trend and...
Note: Another chart continuing off from the previous post, link supplied below.
Also note, log disabled on the chart.
As per the chart, another LIVERMORE cycle completed and I have scenario 1 more likely at this point than scenario 2 with a daily hidden bullish divergence.
Note how the RSI supports scenario 2 so far.
We also have BTC dominance dropping...
💎Technical Analysis Summary💎
-LEND failed to get above the 7k sat range and saw a decline
-The price is now breaking the neckline of a Double Top reversal pattern
-If the daily candle closes tomorrow with an engulfing candle
-This is a big warning sell signal and may reach the next support at 3.6k sat
-Or even down to the 2.2k sat region where...
LEND is showing a bullish tone in the short term however as we watch the bigger markets playing out, there is a grey cloud hanging over it. Over bought on the weekly with bearish divergences.
So I do lean towards a bearish scenario in the coming months for the SP500 and BTC (correlation).
This is not to say its a macro trend change, just a bigger...
Aave reacts to a bear flag, extending the lower leg to refresh support at $5.50.
LEND/USD is mainly in the bulls' hands, but a reversal is anticipated at $5.00.
The cryptocurrency market is deeply in the red following the initial declines recorded in September's first week. Recovery has not been forthcoming both for the small coins and the large coins by...
Hi Traders and thank you for joining another one of quick updates. My Name is Shayan and I'm a Wyckoff trader
We've been tracking LENDUSDT since Sep 06 and so far it's done well!
The update above is following this previous post:
Be sure to catch yourself up...
Aave free-fall from $0.9 embraced support at $0.42, paving the way for recovery.
LEND is facing resistance at the 100 SMA as well as the descending channel.
The current bearish market did not spare any particular cryptocurrency; be it Bitcoin, major, minor, or altcoin. In the previous weeks, the decentralized finance tokens like Aave (LEND) rallied, sometimes...
This is an update on the LENDUSDT set-up that I posted for you yesterday.
As there seems to be a base forming up in the market, the leaders have begun to outpace the other markets.
LEND is a leader in the DeFi sector and is certainly worth following. In the last bull run LEND continuously outperformed the market, and grew almost 400%!
Hi traders and welcome!
Price seems to have made a base, at least temporarily, so I want to find good opportunities and post as many as possible for you folks.
As you may know, Aave's LEND was one of the leaders of the previous leg up, so it's definitely worth paying attention to
I've outlined the analysis on the chart as you guys seemed to like that style...