Aaveusdt
$AAVE up to $74ish then down to $39ish Next support not till #39- the extension on an inverse fib on the daily. There's barely been a sufficient 38% pullback on the move to make it to that extension though, so I think the pullback will happen first. I'm choosing the 50% inverse fib level as the target, since that most closely lines with the body of the candles on the month chart.
Also, stoch RSI on the daily supports the move. Stoch rsi on the weekly is meh but I don't think this is enough to block the move from happening.
AAVE: Approaching SupportAAVE (AAVE) technical analysis:
Trade setup : Swing Traders: Wait for pullback near $50 support area, which could be a swing entry. That’s where price found support in June. Trend traders: price needs to break back above $70 resistance and 200-day moving average (~$80) to reverse downtrend. Previously, price broke out from Falling Wedge, and reached $100 resistance area where it got rejected.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $70 (previous support), then $100, and $115.
AAVEUSDT 1HAfter managing to reach the support of 60.7 the AAVE goes behind the EMA 200 which is at 61.70. RSI showing exhaustion in buying forces so there may be a correction to its supports of 59.7 or even 59.1. Always remembering that AAVE is a DEFI token and may be susceptible to evictions.
Suports: 59.7 / 59.1 / 58.5
Resistances: 60.7 / 61.7 / 62.4
AAVE ⚡⚡ #AAVE/USDT ⚡⚡
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Cross (20X)
Entry Zone:
1) 62.18
2) 62.25
3) 62.40
Take-Profit Targets:
1) 61.12
2) 60.12
3) 58.64
4) 58.06
Stop Targets:
1) 62.70
Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (0.5%)
Stop: Moving Target -
Trigger: Target (1)
AAVE IDEAHELLO GUYS THIS MY IDEA 💡ABOUT AVEEUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow thanks
The specified targets can be available to buyers!AAVE has increased in price over the past week. The ceiling of the descending channel intended for it was broken with buyer support, and the price continued to rise with a very shallow pullback to the $57 range. The resistance considered in the $63.5-66.6 has been associated with the reaction, but this range is expected to be broken and become support along with the next resistance of $69-70. In this case, the next targets of the buyers will be in the range of $80.
The range considered at $58-$63 could be a very good demand area for upside moves in the medium term if it turns into support. If we see the price rise to $80 resistance for this week, there can be enough strength and demand to continue the upward movement in the return and pullback to this support. For the short term, as long as the uptrend line drawn in the 4-hour timeframe is maintained, the specified targets can be available to buyers.
Will AAVE Recover? How Is It Looking Right Now?We have a red candle today but AAVE is very likely to recover and I'll tell you why in a minute... Let's read the signals together.
First my friend, notice the volume bars... Go back from June until now.
We can see that the green bars are bigger than the red ones, specially recently.
The 22-Nov. low candle is a reversal candle, a hammer and also produced really high bull volume.
As long as AAVE stays trading within the rising trendline, the lower one, the bullish bias remains strong.
Going below any of the lows, Nov. or June, obviously favors the bears and this setup looses strength but the bulls would still remain on top.
Trading below the June low invalidates this setup, the bears win... But right now the bulls have the upper hand.
Namaste.
AAVEUSDT | I am considering a deal in LONG. Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, earlier I watched the asset for a long time and waited for the structure to form, so I think the time has come to pick up a local deal in LONG.
I made markings on the chart and highlighted some areas, support levels and areas of interest where it is best to buy.
I highlighted the $56 zone with a gray line, so far you can place an order there to add a position, the $58 zone is currently a strong local support and I think it is from there that you can open a 5% deal in LONG.
Well, it is also worth considering that the price may not come there, I just showed a safer entrance!
🔥Tip about BTC and The whole C-Market!!●We are at The same spot and same pattern In pretty much whole Market :
_Recently we were trading in The Triangle and It kind of broke down, Now I don't know exactly it's a pullback (IDT) or a false break or whatever, charts acting crazy lately..
▪︎Anyway, we are exactly in The very same Triangle we were couple days ago, and it's for altcoins too you can check.
🟡In The Bitcoin's case, we are right at The very important Trendline too! So If/when price breaks This trendline and The Triangle Together,
BTC having a Real #Pump is Very Likely,
And so The whole Market after It!
📎Just wanted to let you know and Heads up
Good Luck!
Selling pressure caused a sharp downward movement!AAVE took a sharp downward trend during the past weeks. This selling pressure caused a sharp downward movement from the resistance range of $95-100 to the monthly support in the range of $50, which is one of the sharpest drops in the trading history of this currency. Price-hitting monthly support has reacted positively, and a reversal candle has formed on the chart this week. Also, a hammer reversal pattern can be seen in the daily candlestick of the previous day.
But it should be noted that the price trend in the 4-hour timeframe is still bearish, and we can consider a channel for the price. In case of breaking the ceiling of the channel and pullback to it, we can expect price growth and a possible change in the trend. Also, the presence of several resistances in the path of upward movement can prevent price growth. Therefore, we can expect a range trend in this currency this week and next week. This range trend can be formed between the support range of $50 and the resistance of $65-70.