As you can see there is a desending wedge that is soon to come to a cross roads. I have been in ETHLend before and gosh I wish i got out on the highs. But here we are its showing some signs of maybe a breakout? Wedge coming, MFI about the descending trendline as well as RSI. Lets see what happens!
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Looky looky we are breaking past the trend line. Hopefully we can get a close outside of it with some volume!
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These resistance points allowed me to gain about 1200 LEND in the past 24 hrs. The 1298 sats line proved to be a great sell point. I then bought back in to the resistance turned support at 1186 sats. Now we are accumulating at the resistance point of 1298 sats. Next run will happen when this is turned into support. In that case I see it hitting the blue box area (1429sats to 1514sats) which has historically for LEND been a zone of trading over many days.
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Well after a little break out there was a pull back. This is what I am looking at now. Looking for the RSI to switch gears back up and for us to break this trend line wedge.