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LENDUSDT - Hello Darkness my Old LEND?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 say for the future of LEND ? In Heikin Ashi ! Because why not? First, I have to note, I'm not sure why LEND didn't get the same level of insane pump the YFI tokens did. There almost seemed to be some form of artificial price suppression taking place at the higher levels. I haven't read into external factors to know if there's something specific causing this, but the gains just seem lackluster when compared to the DeFi boom. Currently, the price is sitting in what was previously a very strong support level, circled in red. We can see on the chart the last time it was here it didn't linger. Now it sits. At this moment on the Heikin Ashi we're seeing the first green tick in two days, this can change as it's 4H chart and just opening the candle and up until now it has been a clear down trend. Price just passed below EMA 200 , Traditionally a strong pullback point for lend. Historical pullbacks below this level are circled in green. We did just get a pull back from below this level days ago, as well as one just before that; so the bulls may be faltering and needing a serious reload to keep up with the down pressure. MACD is bad. No two ways about it. Slight signs of moving in the direction of a cross, but it looks to be a good ways off and the deviation is significant. Stoch is on the uptick at least. Though not much of a signal with the other bearish signs. BUYING IN? This is likely a wait for it to pump a bit and short if you're unlucky enough to still be hodling and didn't short before. Big support was broken recently and if we see a breakdown the downs will be big. I'd aim for .28 or below to close the short. If you absolutely need to take a long position, you might be able to squeak out a 13% TP around at .55 if the market can muster a bounce to .236 fib. LEND does have a history of bouncing from these lows to .5 fib, which would be around .67 cents. If the market rebounds across the board tomorrow and sustains it for a day I could see this. I do not have much faith in this happening. External factors don't look good. Bottom line... I am not buying this right now. DeFi token bubble at least, may be bursting. Young charts are tricky beasts sometimes. Best to keep them in the wild rather than get bit. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
LShort
by cryptosince1963
4
APPLE SHORT NOW??Disappointing earning resulted in Apple finally getting that retracement that's been long awaited and finally breaking a 210 day bullish demand line. Now there are three options to consider. At some point Apple IS GOING to test the former resistance shown by the red box and this ss below. Once it does we'll be looking for its Price action. As a Bull I'd like to see option 3 play out, a retracement to the 0.382 fibonacci level, a break above the resistance box and a confirmation of that box as support. This would be a text book bull market retracement before new all time highs and would give us the perfect long opportunity. Option 1 would present a chance for some small quick gains that I will not trade, it could easily represent a lower high which would then give us a great short opportunity, or a new ath which we won't have traded because thr RR probably wont have been there. Option 2 could present a short opportunity if some bearish divergence is formed. I will update when some more data comes through. Share your thoughts below!
N
by SynergyTradingSetups
4
MSFT - Broken Ceiling Falling Channel- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - MSFT has broken a resistance level in the short term and given a positive signal for the short-term trading range. - In case of a negative reaction, the stock has support at approximately 277. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NLong
by wavepoint99
BABA - Broken Resistance Level- BABA is in a falling trend channel in the medium long term. - BABA has broken a resistance level in the short term and given a positive signal for the short-term trading range. - BABA has support at 81 and resistance at 112. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
N
by wavepoint99
NFLX - Broke Rising Trend [MIDTERM]- NFLX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. - NFLX has marginally broken up through resistance at 300. - The short term momentum of the stock is strongly negative, with RSI below 30. - This indicates increasing pessimism among investors and further decline for NFLX. - However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
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by wavepoint99
Not nowHi everyone, I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT. Instead of shorting the market, I would usually trade the leveraged of this asset. (small secret) Another possible scenario that might happen, but is less likely, is that the price might bounce since it is facing a double confluence level, where it is meeting the 200 EMA and the strong support that we just talked about. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
AVAXUSDT BROKE OUT SIT BACK AND @el33th4xor WITH TOFU 122USDFellow TradingViewers, Vegans & AVAXists (& Emin GUN Sirer supporters). “The time will come when men such as I will look upon the murder of animals as they now look upon the murder of men.” -Leonardo Da Vinci Sit back and relax as AVAX broke out of the triangle, the 2.618 looks very sexy. Just a matter of time till we hit OUR targets, trust Mr. Sirer. This chart really has respected almost all TA till now. If we hit 122USD, still ain't selling :D. Happy VIOLENCELESS trading!
Long
by FurkanE
3
BTC, XLM and XRP correlation brokenIf you can hear me, great! If not.. I am highliting that there is a decent amount of correlation going on with XRP and XLM, in comparison with BTC. HOWEVER As of recent, the correlation seems to have swayed to negative correlation. Remember, one coin is based on decentralization, and the other/s are based on the polar opposite, on the side of banks... Also, I said that when BTC corrects to $12-20k, i imagine XRP and XLM will begin a bull run.
BLong
by Divit_R