LEND.BTC (Y20.P3.E3.v3).Gems in the making.No.2

Hi,

This is a continuation of the previous post, link below.
This is part of my Defi - Gems in the making series, No2. Kava is No.3, SOLBTC will be No.4, etc

As you can see, I have updated my chart and target areas....I suggest keep going long.
Why, I expect 3 or 4 impulse moves before another major pullback or sell off.
(Until BTC hits its target, we will likely not have a sell off)
However its better to keep raising your stop limits, strategically placed as we go up.

With regards to the next target, I have noted the following:
- The height of the formation has confluence with the fib level, extension
- Using the CPR tool on the weekly R1, it too has confluence with both the height method and fib. level.

However the trend line is also a strong resistance

FYI, with regards to LINK, I would suggest looking at the chart and place a stop loss or sell soon.
Apply the stick test on the bottom trend, If its vertical, its unlikely to be sustained.

Please give me a like or tick for this post.


Cheers,
S.Sari

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possible scenario

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We hit the trend line and its likely to be a resistance especially at the first attempt.
I envision the next level to buy back ....stalking for now.

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I have my target hit and hence closing this post.
I also feel LEND has peaked and so did LINK.

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After reviewing this in more detail, at LINK.USDT...its still got the parabolic underbellie, along with the macd and WT, there is still room for the up. I havdn't sold my coins just yet.
On the Daily, we have no cross over on the indicators.
I went all the way to the 8 hrly and still not cross over. Hence why its got room for the upside. I have my next fib level marked.

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With the drop, I now believe that was wave 5 completed and we are now going to a correction phase of the ABC.