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...
LEND was an early DeFi protocol which seemed somewhat overshadowed by YFI 's collective tokens rising to unheard of heights in a matter of months. Still, early adopters of LEND enjoyed over %1500 profit from it's listing on Binance to it's ATH.
Since then, LEND has dipped, attempted to rise again, failed, and then dipped horribly. What does the 4H chart...
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...
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 (LEND) is the DeFi lending protocol that allows users to lend and borrow a wide variety of cryptocurrencies using both stable and variable interest rates.
Today on 10 September, this project came out on top in terms of capitalization among Defi with $1.55 billion ( "with a help" of Sushiswap , which separated from Uniswap and brought $1.3 billion)
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%!