ETHLend (LEND) Won't Lend you Profits...It'll GIVE it to YOU!!

in #bitcoin6 years ago

SUMMARY

LEND is correcting but it's doing it to the tune of an a,b,c FLAT (3,3,5). After a vintage impulse wave of 1,2,3,4,5; the Flat correction was triggered. Elliott Waves states that after a five wave rise, there is a requisite a,b,c correction and this correction often retraces to prior wave 4 of a lesser degree. I've labeled the subwaves of the red C wave and likely, there is one more lower low probable. This means that a prime buy zone could be appraoching. The blue wave 5 of red wave C could signal the level from which the resumption of the original trend will occur. That original trend is UP!

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Was going to invest in the ICO but the Founder seemed to lack experience - his only professional experience was volunteering at his local college union

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Cool title, it will give profits! No doubts about this one, but happy to know that my thoughts go hand in hand with charts analysis. I love this project and envision a great future for LEND ;-)

And guys, their loans are already active. The site will still go through some beauty makeover, but the product is up! New Loan Requests are posted daily.

I just made a post summarizing a lot of the previous Haejin's predictions and inserted them in a table! I am about to calculate the percentages and probably try some new ideas I have!

https://steemit.com/vincentb/@marc12/haejin-predictions-summary

Try your ideas and share them with us :-)

Good article, I am holding!

Can you give ETHOS a look? Thanks!

Can you please do one on Achain (ACT). I went in for the fork and then ACT crashed, I studied graph before buying in, I knew correction would come but it has gone down too low, still haven't crossed last support and that is the only positive hope i am hanging onto. Please @haejin do a analysis of Achain (ACT) ASAP.

Thanks for helping community.

Gracias por tus análisis

thanks for the update 👍

Have you been using ethlemd ?

thanks for info nice post

Thanks for the Chart. Been waiting for the reversal on LEND as well! If LEND hit above 3k sat soon i shall sign up for the live video session and learn more from you!

Thank you Haejin!! This one has a low market cap with such high potential

I think a day or two will give us a better idea.

I've been waiting for a big move for a while. Looks like we are getting close.

Great post! Well substantiated information

upvoted and resteem ..done

Please do a post on whitecoin.

Hi Haejin, any chance of an update on stratis.
Does look like the formation of a very nice cup and handle perhaps..
Thanks :)

Sounds good to me. ;)

Hi Haejin what would you say about tron now? down trend is like express, who knows where is the bottom? any idea when could be trend change ?

can you do naga coin ngc.thanks

Dr. Haejin can you do an update on TRX since its falling down a lot

Today's market is on a downward slide, but fortunes will soon turn! In the meantime, how to deal with capricious cases of FUD? Let I, COINSTRADAMUS, tell thee how to overcome 't!

https://steemit.com/coinstradamus/@coinstradamus/coinstradamus-speaks-on-the-principle-of-fud

hey haejin,
I want to thank you so much about your analyst.
what do you recommend buy and hold Siacoin (SC ) ?
Can you update your analyst this coin?

LEND is a solid company with a working product that is actually getting used. Seems like a no brainer.

The only issue I have with it is that the loans on their platform are backed by either LEND or ETH. If the value of LEND drops too quickly, like it did today, it may encourage some borrowers to default on the loan because the collateral they put up for it would be less than the amount they borrowed.

Hopefully the founders of LEND have some kind of solution for this in mind.

I will take a look!