LEND/BTC (Confirmed Double Top?)💎Technical Analysis Summary💎
BINANCE: LENDBTC
-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 the 200D MA is also located
-The market condition today is not good so please reduce the risk
-Use proper stop loss and decrease your position size
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LENDETH
LEND/BTC (Test the 0.618 Fib Level?)LEND/BTC
-Aave Lend is starting to pull back to previous key areas
-The levels need to be watching is around 5741 - 5168 sat range
-The 0.618 Fib level was previous resistance turned support
-We might see a bounce reaction at 5741 sat if not, monitor the next level
-Be patient playing bounce play or catching the bottom
-Always wait for price reaction to confirm potential support
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.
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ANYONE INTERESTED
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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.
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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:
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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
LEND AAVE Breakout LENDBTC LENDUSD LENDUSDT LENDETH AAVEBTCLEND AAVE Breakout LENDBTC LENDUSD LENDUSDT LENDETH
Aave broken through 2.618Aave broken through 2.618 from a large falling wedge
Using DNT as a comparison
Overbought moment on LEND/BTCHello, traders.
For LEND, I believe the bullish move may be nearing its end with so many indicators showing overbought signals. I don't buy it until we have a correction movement.
That is a significant bearish divergence on RSI.
Push the like button and follow us on tradingview.
Bulkowski's DBL BTTM great TP LENDBTCAgain; will update later.
I know there were some questions on the last publication (TNT; i'll get to it tonight) just wanted to post these two (chainlink & lend) for they are primed for solid entries, with volume/bb/kc/bol/sqz & all fundamentals pointing to signs of parabolic movement with the cherry on top being (in the case of this publication -- the dbl bottom) yet with chainlink; the inverted H&S.
TP figure provided courtesy of fib spiral.
I posted on my Twitter a buy signal for BANDBTC last night though was too exhausted to publish...hopefully some of you/any of you caught it. If not, check my handle -- same as this one.
Remember to set your stop loss!! The red horizontal is always the most important.
If you're conservative TP1 though on both LEND/LINK i'm taking aggressive positions for these are two low risk low reward coins & in the event we don't reach our TP threshold; resistance/support pivots us downwards, it's no biggie because these are two tokens that will ALWAYS consolidate -- that you can count on. ESP. CHAINLINK.
This signal works well on LENDETH (as well) if that's your cup of tea -- go for it. Same goes for USDT.
Stay safe all. Will update later!
Peace & Love.
TradingView / Linkdin / Stocktwits / Steemit / FB / Cent / Medium / IG / etc. etc. etc.
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LEND/BTC (Another Leg Up Breakout)LEND/BTC
-Cross Ultimate indicator signal is up
-another leg up breakout
-a retest of new support
-new higher high
-new support at 444s
-upside potential is up to 870s
-key stoploss is below 439s
LEND/BTC (Broke bearish?: -20% downside)LEND/BTC
LEND broke key upward trendline support and had a bearish MA cross on the daily chart.
This will signal downward momentum in the coming days if LEND can't get above the 50MA as soon as possible.
The downside target is 250 sats area.
LENDBTC Completed H&S + SymmetrySome symmetry can be seen in this pattern, as always symmetry will be seen with H&S patterns but it seems to be extending further than the H&S range. 45 minute chart.
LENDBTC Fib ExtensionBroadening wedge, large possible returns if the wedge holds for a while, risky trade. However in this market risk often = reward. Horns are present on the 45min chart which may be a sign of a bearish move to come.
LENDBTC Descending ScallopAfter going on a massive bull run LENDBTC has made a retreat, this formation of a descending scallop however shows promise for bulls. Support zone indicated in blue.
LEND/BTC TA Update (Retest Swing Low?)LEND/BTC
LEND top-out at 270 sats and currently in a deep pullback to retest previous swing low or the 0.618 Fib support.
Down-trend momentum is currently strong so it is not advisable to buy this coin while it is hot.
Let's wait when the bears start to cool down.
LENDBTC cup and handle formationSetting up for a cup and handle formation, resistance at 1 fib level but i feel that if this occurs this will be broken easily. Something has sparked a bull run in LENDBTC whether it be fundamentals or whales simply wanting to make money. Perfect cup formation so far.. I realise price reached dotted purple line but I dont think that affects the formation.
LENDBTC Birth of 200 DMAReturn to regression trend most likely following another pump breaching the trendline. Hopefully for holders this drop will stop at 50 DMA. I have no idea why this coin pumped so hard, let me know in comments.
Will LENDBTC continue?LENDBTC update, more upward movement possible if massive resistance is smashed through.
LENDBTC hits HARD resistanceWill Lend push higher into the ichimoku cloud with the development of a bullflag on the daily? or get hammered back down to the mean?
LENDBTC Latest Technical AnalysisWe are doing Analysis of LENDBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
#lend Trading idea (Huge reward , very Little risk)lend Finally we are seeing some serious volume coming on this one. Daily chart shows we are at absolute bottom. I am taking a position here. My entries are in the chart. If you can take little more risk , then keep your stop below White MA line ( around 210 sats ).
Leave a like / follow.
$LEND Impulse Wave IdeaBuy: Between 269 and if that doesn't hold then 275
Sell: Between 560 and 568
Stop loss 5% below 275.