TradingView
ForecastCity_ME
Sep 11, 2020 5:54 PM

Two buy opportunities on this chart for LENDBTC  Long

BINANCE:LENDBTC1D

Description

⋅
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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Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsBTCBitcoin (Cryptocurrency)lendLENDBTClendbitcoinbitcoinforecastbitcoinpricebitcoinanalysis
Comments
Kristalyn
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Very helpful. Thanks.
ForecastCity_ME
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@Kristalyn, You're most welcome!
ForecastCity_ME
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@Kristalyn, Thanks for your comment.
ForecastCity_ME
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@Kristalyn,  We wish you all the best with your trades.
Kamryn
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I liked the excellent analysis
ForecastCity_ME
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@Kamryn, Thank you for your comment. what's your view?
It is appreciated.
Kamryn
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@ForecastCity_ME, I think the chart is really accurate, so, i'm agree with you!
ForecastCity_ME
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@Kamryn, Thank you for sharing your feedback.
ForecastCity_ME
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@Kamryn, We wish you good luck with your trades.
Kamryn
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@ForecastCity_ME, Thank you for this kindness, I appreciate that.
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