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Two buy opportunities on this chart for LENDBTC

Two buy opportunities on this chart for LENDBTC

Aave / Bitcoin BINANCE:LENDBTC

Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000577).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LENDBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.

Take Profits:
TP1= @ 0.0000699
TP2= @ 0.0000785
TP3= @ 0.0000874
TP4= @ 0.0000996
TP5= @ 0.0001150

SL= Break below S2

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LENDBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.

Take Profits:
TP1= @ 0.0000699
TP2= @ 0.0000785
TP3= @ 0.0000874
TP4= @ 0.0000996
TP5= @ 0.0001150

SL= Break below S2

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