LEND Could be Close to a Reversal Point

SUMMARY

LEND/BTC looks poised to complete the correction. Bear in mind that for ALL Altcoins, the first abc is often NOT the end point of the correction. The first abc is often too quick and thus expect price to move sideways; thereby extending the time consumption.

The below chart shows an impulse set (blue waves) followed by a zig zag abc correction. Whenever wave A of a correction has five subwaves, it's a ziag zag type which differes from a Flat whic has 3 subwaves for wave A. Wave C is subwave labeled with blue and while wave v could be in; there is probable lieklihood of a one more low.

Here is LEND/ETH and it looks near identical. Likely the holders of BTC also hold ETH and so the sentiment uniformity is not surprising. The ETH pair chart is depicting the same analysis: correction completion is not too far away.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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