LEND.BTC (Y20.P4.E1).Stalking gems in the making.no.2

1 בספט׳ 2020

Hi,

This is a continuation from a series of posts about LEND, links are provided below.

OBSERVATIONS:
=================================================================
> Trend line as per chart has confluence with the 12 hrly 21\34 EMA ribbon;
> Trend is intact with higher highs and higher lows on the 12 hrly;
> Indicators tell me that its likely we found support here and hence looking for a bottom turnaround on the KDJ and Phoeix;
> This could be the ABC correction and hence a consolidation pattern is likely to take place;
> BTC is ranging for support and likely slowly move up once its confirmed once again 11600 being defended - refer to my BTC post and its update;

THOUGHTS:
=================================================================
> We can have an ascending triangle of some sort with ABCDE Elliot move, as per ascending horizontal triangles or a symmetrical one;
or we have a 123 impulse which is less likely because like LINK it takes time to get the momentum going;
> Looking for a bullish candle in the smaller timeframes, x2 candles will do it; eg 4 hrly;



Please give me a like or tick for this post.

Regards,
S.Sari

12 HRLY chart


4 HRLY chart


LEND against the USD\T


PREVIOUS POST

2 בספט׳ 2020

הערה

A deeper pullback it seems.
LEND.USDT
==========================================

==========================================