Analysis of Lend AAVE against Bitcoin

Lend AAVE against Bitcoin, this currency is one of the currencies which raise higher against bitcoin last month, and it raised about 300% from it is the lowest price in August.

Now it reaches an area where 3 waves pullback should be produced at least:

  • Testing trend line.
  • Overbought on the daily timeframe.
  • Broke above Moving average of 100 and 200 days.

All the above points give a good considitions to LEND to start a small correction before rally again.

So when we do recommend to buy the currency again?

We assume the best area to buy LEND will be between 88 and 74 Satoshi.

Where this area will be identical to allow the currency to break above the high of June at 162 Satoshi

 

LEND AAVE Daily
LEND AAVE Daily

If the currency reached 88 to 74 Satoshi then it will be good potential to create inverted Head and Shoulders harmonic pattern

LEND AAVE 4H
LEND

Coin Market Cap

 

Ahmad Alsheikh Ali
Ahmad Alsheikh Ali
BorseClub Founder, Trading and Development Manger
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