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;
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Regards, S.Sari
12 HRLY chart
4 HRLY chart
LEND against the USD\T
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A deeper pullback it seems. LEND.USDT ========================================== ==========================================