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Aavebtc

YFI- Even its own creator says it has 0 financial valueDeFi boom as well as limited total supply (No pre-mining and supply increases as yield farmers providing liquidity by staking and lending their tokens) contribute to the supply/demand imbalance of YFI governance token, leading to the rapid appreciation. First of all, it has a comparatively minuscule total supply limited to just 30,000 coins. Second, over 60% of them are currently locked in various staking pools, according to data scientist Alex Svavenik. Andre Cronje, software engineer who built yearn.finance and created YFI governance token, intended for YFI to be a valueless 0 supply token. "We reiterate, it has 0 financial value” as he wrote in his blog. However, that didn't stop yield farmer from pumping YFI to the outer stratosphere as it jumped 270% in 5 Days. Treat it as a speculative coin and short-term swing trade it (No need to hold it for more than a week) on the 1hr time frame.
by Libratus
4
LENDBTC another bullish reversal pattern formedHey friends hope you are well and welcome to the new update on Aave token. This token has surged more than 2100% since after November 2019. If we place the simple moving averages with the time period of 25,50,100 and 200 and move back to Nov 2019 then you can be easily observed that the smallest time period moving average 25 moved above all then 50 simple moving average was below 25 simple moving average then 100 below 50 and then 200 simple moving average moved below all other SMAs. And a complete opened alligator mouth by the simple moving averages was formed. After that the price action moved up in a parabolic way and so far it has produced more than 2100% rally. Even at this time it can be seen that the open alligator mouth is lifting the price action more up and this time this move of the simple moving averages is wider. Movement in up channel and moon phases: The price action is also moving in an up channel on the daily chart. The priceline of Lend token has touched so many times at the support and several touches at the resistance of this channel. At this time the price line is at the support of this pattern. If we place the moon phases indicator then it can be noticed that new full moon is appeared higher than the previous full moon signaling that the priceline can move up to this level. And if we watch the new dark moon then it is appeared higher than the previous dark moon that is another bullish signal. The synchronized movement with EMAs and indicators: After placing the exponential moving averages with the time period of 10 and 21 it can be also seen that the priceline of Aave token is using these exponential moving averages as good support. And the movement of the price action above these moving averages is very much synchronized with stochastic and MACD indicators. Whenever the price line touches the exponential moving averages and after that the stochastic gives bull cross and the MACD starts turning bullish then price action starts the next rally. At this time the priceline is again at the support of these EMAs. Therefore we should wait for the MACD to turn bullish and stochastic to give bull cross then we can expect the next rally to the upside. Otherwise, the price action of Lend token can break down the support of these exponential moving averages. The Cup and Handle formation: Now if We move to the smaller time period 2 hour chart then it can be easily observed that the price line of Lend token has formed a cup & handle pattern. At this time the price action is retraced at 0.786 Fibonacci and completed the handle of the cup. Now from this level we can expect that the price line can move up to break out the resistance of the handle and the resistance of the cup as well. Conclusion: Even tough on the long-term the price action of Lend token is strong bullish. However we should take care of our stop loss for this purpose we can use the exponential moving averages or the simple moving averages as well. Because once these supports will be broken down then we can also witness a rally to the down side.
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by moon333
3
AAVE / LENDUSDT ✅ Huge Uptrend, Looking at Horizontal Levels MTF💬 Aave's LEND token is taking DeFi to a whole other level with its bullish price action. LENDs BTC pair recovered from a low of 30 sats and is currently trading at over 2000 sats. That is an impressive run, to say the least. While the bullish price action gives every reason to bet on the bulls, long term investors may want to be cautious given the recent rejection of the daily time frame orderblock not too far from LENDs BTC pairings previous All-time high. Let's take a look at some short-term and long-term levels to see what's in store for LEND bulls. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support 30 min: S1: The S1 S/R bullish orderblock is the first point of support for the bulls. A quick move off this followed by more upside is ideal, although not the most likely scenario. S2: The S2 orderblock provides the next line of support for bulls. A quick touch here before a move up could make sure LEND keeps mooning without delay. S3: The S3 cluster is logical support for the bulls to hold. It shakes out some "weak hands," but gives bulls solid support to re-accumulate at and retest before a move up. If S3 falters, there is a lot of local support to act as a backup as well. Very logical support level. S4: If S3 falters, the S4 orderblock cluster is the backup, could be a quick retest of this level if S3 seems to be holding. S5: The S5 cluster is the last hope for the bulls if S4 can't hold. We can still run from here if needed, but best not to have to retest this level. It is a long way down if the bulls can't hold this run, so best not to test lower support levels. Resistance 30 min: R1: The R1 bearish orderblock is the only thing that stands between the bulls and new local highs. However, it is important to be aware of the higher time frame resistance bulls face. Support Daily: S1: The S/R flip at 1800 sats is the most logical support for the bulls. With price action like we see in LEND, there is only so much the bulls can give back before the bears go all Revenant on them. Resistance Daily: R1: The daily time frame R1 orderblock has already acted as resistance and likely will again. R2: The R2 previous top range should act as a final point of resistance until if and when the bulls can make new highs. ----- Summary: LEND is super bullish, and DeFi in general is bullish right now. However, despite this, bulls and especially investors need to take the long-term resistance levels from 2018 into account. Resources: aave.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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by AlphaBotSystem
3