🔥 AAVE Massive Triangle Break out: Bulls ReturnAAVE has drawn a huge triangle over the last couple of months, starting all the way at the top back in May till the lowest low in June.
As of today, AAVE has broken out of this triangle on the top side. I'm expecting a minor period of consolidation, since BTC is not doing much at the moment. Be aware that AAVE could fall back in the triangle in case BTC will get some bearish price action in the short-term.
Sooner or later, we'll get an impulse candle to start of the bullish move. Main target placed at the most recent local top: $450. In case of a prolonged move, I'm expecting the price to reach $530 in the near future.
Happy trading!
Aave
AAVE Ascending TriangleAAVE Ascending Triangle measured move takes it to ATH of $668. Also present is a descending broadening wedge, where a long could have been taken on the third bottom touch ~$305. Lastly, a Three Rising Valleys pattern using the demand line of the triangle as support. All happening at a critical ice line and horizontal support zone. Beautiful chart.
AAVE setup/broadening wedgeI'm not gonna lie I've been struggling to get a solid narrative here, but this is what I came up with. I've had AAVE on my watchlist for weeks now, but yesterday the price just cut right through crucial 347.7 level leaving no opportunity to buy. Hopefully it comes down a bit giving us a chance for a buy before it breaks out from local and macro resistances.
1st entry: average buy 354 -- down to 300
2nd entry: average buy 430 --- down to 390
TP1: 427.3
TP2: 487.7
TP3: 538.3
TP4: 612.8
TP5: OPEN++
Remember about risk management, especially that BTC has been quite volatile lately.
AAVEUSDT Technical Analysis
⏳ Spot
💎 AAVEUSDT has formed a triple bottom, and then we saw a sharp bullish move to previous support. What I expect is to have a Pullback then continue the bullish move.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 360.0
☕️ TP1 405.0
🍺 TP2 426.0
🍻 TP3 445.0
🍾 TP4 544.0
🍷 TP5 600.0
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 299.0
Good Luck 🎲
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₿ AAVEUSDT 1D ₿ : 14.Sep.2021 (Update) Well, as we can see on the #AAVE , the price was well supported after reaching its important support ($ 300 range) and is currently growing with an poerful Marabuzo (Spike) candlestick, from the support level to The price has risen more than 25% here, I expect more growth from it. BINANCE:AAVEUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 14.Sep.2021
⚠️(DYOR)
AAVE look bullish?The largest TVL Defi platform "AVAE"....
After Gamefi, Chain token.... seems Defi is the next sector to pump?
- The Yellow box is the support and resistance.
- Now performing a W pattern
- AAVE revenue share and TVL keep rising
- Will AAVE launch on another Layer2 chain?
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
AAVE - 17% Higher Since Last Post 😺☑️Updated chart on AAVE which has been flying today and made our spot holdings grow nicely despite the sideways movement of most cryptos.
Check our previous ideas below for more details on the fundamentals and take a look here at our updated chart.
One Love,
the FXPROFESSOR
Aave - The path of the ZhupercycleAave High time frame analysis - The path of the Zhupercycle
1. Support zones between 250-350 (buy/accumulation zone)
2. Resistance zones between 500-600 (sel/distribution zone)
3. We may chop between these zones for a while, but when we break (perhaps also when BTC breaks ATH) we are going to zoom to price discovery
4. First target (1.618) is $1k, second target (4.618) is $2500
5. Good luck, only the strong will survive
PS. Solana did a 4.618 extension from $20=>$200, it may seem unlikely now, but it surely isn't impossible
AAVE 🇬🇧- Probably a Nice BUY 💂💷DEFI + nicely regulated in the UK (Aave has been granted an Electronic Money Institution license by the U.K. Financial Conduct Authority )
We like AAVE and we also like the chart at this stage.
Time to look at AAVE again, this time towards new all time highs
Speaking of UK:
British Post Office ID App to Sell Bitcoin Vouchers Next Week
great stuff!!!
Let's Go AAVE
Aave (AAVE) - September 9Hello?
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(AAVEUSD 1W Chart)
If the price is maintained above the 101.345455-126.926372 section, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 206.817161 point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 315.356387-419.933, it is expected to turn into an uptrend and rise.
However, it should rise above the 472.221304 point to accelerate the uptrend.
If it falls from the 315.356387 point, you can touch the 158.491471-210.779774 zone, so you need to trade carefully.
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(AAVEBTC 1W chart)
If the price holds above the 0.002157-0.002829 range, we expect the uptrend to continue.
(1D chart)
We need to see if we can find support in the 0.006650-0.007865 zone and move up along the uptrend line.
If it falls from the 0.006650 point, it could touch the 0.004930 point and below, so you need to trade cautiously.
A significant resistance interval is the 0.009798-0.011016 interval.
However, if the price is maintained with support in the 0.006650-0.007865 range, it is expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
AAVE at critical support, great R/RAfter yesterday's dump, many coins are at support right now. Bitcoin's behaviour will determine a lot of things, and will decide whether alts go up or down. However, AAVE is offering a risk/reward of 4 here, which means we can be wrong up to 80% of the time to make a profit on this setup.