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LENDBTC

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
LEND.BTC (Y20.P3.E3.v3).Gems in the making.No.2Hi, This is a continuation of the previous post, link below. This is part of my Defi - Gems in the making series, No2. Kava is No.3, SOLBTC will be No.4, etc As you can see, I have updated my chart and target areas....I suggest keep going long. Why, I expect 3 or 4 impulse moves before another major pullback or sell off. (Until BTC hits its target, we will likely not have a sell off) However its better to keep raising your stop limits, strategically placed as we go up. With regards to the next target, I have noted the following: - The height of the formation has confluence with the fib level, extension - Using the CPR tool on the weekly R1, it too has confluence with both the height method and fib. level. However the trend line is also a strong resistance FYI, with regards to LINK, I would suggest looking at the chart and place a stop loss or sell soon. Apply the stick test on the bottom trend, If its vertical, its unlikely to be sustained. Please give me a like or tick for this post. Cheers, S.Sari PREVIOUS POST
LLong
by ssari
1
LEND.BTC (Y20.P3.E3.v2).Gems in the making.No.2Hi All, *** This is a continuation of the previous post, or an update of the link below, Price Action explained **** I constructed this chart prior to the drop. But the macro approach doesn't change. The title is related to a few coins, Gems in the making will focus on specific coins that have demonstrated a clear parabolic curve pattern. No. 1 goes to LINK.BTC, which I had a previous post with this as part of its title. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ANYONE INTERESTED ============================================================================================ The vision: I would like to build a team, a community maybe, limited no. where we work as a team on TA of the charts and we all benefit. There is a criteria, you have to have the same values and mindset with the team. It won't be easy to build this team but why not start. For now, its only a thought but if you interested let me know, and I can start planning the platform or forum to do this. The vision, we work together going through the list of crypto, do quick summary of each and routinely review them together. The criteria is that you know the basic fundamentals of TA and demonstrated it (by publishing your works where I can have a look). I don't just want anyone but people who have the same mindset and are willing to do the work as a team. For now, its just the planning I would like to do. ============================================================================================ Now for LEND.BTC As a student in the art of TA more precisely price action and chart structure, I am very interested to building my knowledge base. What really is frustrating is time and what can be achieve while this anticipated macro bull run is in the making. Here is a new subject i'm trying to get good at and its identifying Parabolic (curve) structures. LEND.BTC definitely falls into this as demonstrated on the chart. So lets begin in point form > > LEND has demonstrated 4 bases > It has an increasing support trend-line, which the angle increases after each base completion > Respecting the 21/34 EMA along the daily > Climax ending\extention after base 4 > Pullback complete to 0.5 fib level > ****** The KEY thing here, its done a double top ********* > The double top is what I'm playing my bets on, and that fractal is from BTC 2017 bull run, a similar structure even prior to 2017. I'll put a sample here. MY THOUGHTS: ======================================================================== This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings. Scenario lay-ed out: > We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave. > We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind. > However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly. > We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below) So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most. With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react. The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure. Some are about to finish and start a pullback while others are looking to start the 2nd leg. The BTC fractal associated with this chart and potential direction The next project > SOL.BTC
LLong
by ssari
LEND.BTC (Y20.P3.E3).Price Action explainedHi All, LEND BTC pairing just went through a Parabolic curve pattern (with 4 bases) and peaked with a nice pullback to an expected fib. level.(0.5) macro level. This reminds me of 2 scenario's. The early stages of the BTC bull market which had 3 or 4 parabolic runs. OBSERVATIONS: > Daily chart: 21/34 EMA recently tested and passed with a double top. I have a fractal on the BTC that gives an insight what its likely to do, chart below. > Daily indicators show downward pressure however not a strong pressure as the MACD will likely bounce off the signal line if it comes to it. Phoeix shows the downward pressure energy with the 2 RSI crossing reflecting both the MACD and stoch. THOUGHTS: I am of the opinion that we will come out of this like the fractal below with another parabolic run to this current one. As per my initial chart, we have the 21 ema daily tested and a double top with the 2 fib levels tested, so leaving one more fib level to test before going to the upside again. Depending on the market SP500 or Gold PAUSE\go sideways, then it is likely for LEND and other ALTS to start the next their run. NOTE: SOL and LINK are probably peaked and will do what LEND has already done with some formation of consolidation. Please give me a tick or like for this effort. Regards, S.Sari PARABOLIC curve pattern\structure Daily chart: 21/34 EMA recently tested and passed BTC Fractal likely type of pattern after a parabolic run that has a double top follow through SOLBTC comparison
LLong
by ssari
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