LEND.USDT (Y20.P3.E2.v3). Stalking. Area of interest

2020年8月19日

Hi 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.

2020年8月21日

取消訂單

With BTC trying to make 12k and as per my btc dominance chart suggests that the ALTs will have this last effort to the upside until BTC is likely to be rejected at another attempt at 12.450.

2020年8月24日

交易進行

I'm in

2020年8月25日

註釋

hit my target

2020年8月25日

註釋

I learnt a new strategy today, which seems to fit the LEND structure. However I need to know more of its criteria to understand its target etc. Its called the Livermore Speculative Chart
For now, this is what I have as a draft as I need to work out the ratios for each level to confirm its correct