LEND.BTC (Y20.P4.E1).Stalking gems in the making.no.2关于BINANCE:LENDBTC由ssari提供

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Hi,

This is a continuation from a series of posts about LEND, links are provided below.

OBSERVATIONS:
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> Trend line as per chart has confluence with the 12 hrly 21\34 EMA ribbon;
> Trend is intact with higher highs and higher lows on the 12 hrly;
> Indicators tell me that its likely we found support here and hence looking for a bottom turnaround on the KDJ and Phoeix;
> This could be the ABC correction and hence a consolidation pattern is likely to take place;
> BTC is ranging for support and likely slowly move up once its confirmed once again 11600 being defended - refer to my BTC post and its update;

THOUGHTS:
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> We can have an ascending triangle of some sort with ABCDE Elliot move, as per ascending horizontal triangles or a symmetrical one;
or we have a 123 impulse which is less likely because like LINK it takes time to get the momentum going;
> Looking for a bullish candle in the smaller timeframes, x2 candles will do it; eg 4 hrly;

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Regards,
S.Sari

12 HRLY chart