Lend has formed Descending Triangle | The only way is to move Up now

in #bitcoin • 6 years ago (edited)

CryptoKraze Technical Analysis

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Hey folks, @cryptokraze here and I am going to cover technical analysis of $Lend for Long trade. I am using tradingview charts and price linked to Binance exchange. Let's have a look on technical aspects of $Lend.

Possibility on Daily Chart

lend1d.png

If you look at daily chart, you will see $Lend has formed a descending triangle and likely to breakout. This is very common pattern in cryptocurrencies, whenever a coin makes this descending triangle, a breakout is imminent that might happen anytime soon. If we look at RSI, it has touched 70 level and has dipped below 50 level. It has to rise up to touch 70 level again.

  • I have a buy entry at 0.00000480 with my profit target around 0.00000800 or above.
  • Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

Have a look on my other Posts

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Averaging Technique in Crypto Trading

Disclaimer
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.

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6 years ago in #bitcoin by
$Na
  • Past Payouts $4.22, 0.00 TRX
  • - Author $4.20, 0.00 TRX
  • - Curators $0.03, 0.00 TRX
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    • [-]
     6 years ago 

    Nice post Dear @cryptokraze
    I have so much benefited from your. That's why now I'm following you. Waiting for you next post. Thank you so much <3

    [-]
     6 years ago 

    It's been a long ride down...all you can do is scream weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee and hold on ;)

    [-]
     6 years ago 

    Thanks for sharing this photography is very nice

    [-]
     6 years ago 

    Good to see your social involvement and bringing value to the steemit participants. I would like also to bring useful staff to the community and assist in growing our funds by means of the ICO projects. Follow me whoever interested in ICO and blockchain technologies. Thank you!)

    $Na
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