LEND.USDT (Y20.P3.E2.v3). Stalking. Area of interestHi All,
Keeping this short, as the chart explains many points.
> Area of interest has 21/34 has confluence with the fib level and previous resistance.
> Looking at the indicators and structure along with BTC price action, expect more drops for a nice entry place.
Note: 8 HRLY chart with indicators showing downward pressure in the short time frames, long term, the pressure is still upwards.
> Macro trend is upwards
> Previous pullbacks have similar indicator values as of now
> Why current resistance is a likely to be a pullback area, refer to the chart below, using fib. levels, etc
As for me, I am stalking this area for now and envision this type of price action.
My area of interest at this point is ~$0.5 (0.469 to 0.49)
Cheers,
S.Sari
4 HRLY chart, looking for a small bounce on the ema ribbon for the ABC correction move to the level of interest as discussed above.
Overview of price action
Daily chart, downward pressure shown by the Phoeix indicator but not to expect much of a pullback.
We need a few days to be able to see what the RED rsi does.
