LEND/BTC--- what happens when you squeeze a balloon? IT POPS

1 Mar 2018

Gotta love our friend ETHLend. Popular for day trading but a great token with a even greater solution and an even greater team. On to the TA: We can see we've had a strong buy zone- support since January on 930 satoshi (green line) that has held well from the sell pressure (red-dotted trendline). Even this morning we had a sell-off on the 30m chart that was quickly bought out causing that last little wick. Now we are back at support and we are squeezing in. BB bands are closing and RSI shows we are leaving oversold territory. The 20 day MA (blue line) is gonna be the make it or break it resistance. Once we pass that and the down-trend line, we will face sell-offs at the red resistance lines. Those are our targets to take profits. Conservatives will wait till the breakout to buy and sell half at the first line, half at the second. And my risky fellas can set the order at 930-950 to sell a portion at the second and the rest at the last line. Stop loss: 830

This is not financial advice just some thoughts put together. I would love to hear any thoughts!

and remember. We can break to the top or the bottom :)