Aaveusdt
AAVE/USD - potential 78% setupHello, Traders!
AAVE is exiting the active trading range of $298 - $418 and prepares to continue the market cycle.
Last time the flat movement lasted 55 days and resulted in 530% growth.
The current flat movement has lasted for 60 days, which gives us a trigger for action.
We can consider opening a position in the range of $382 - $418
Stop Loss might be placed under $324
Targets according to Fibonacci levels:
$450
$565
$638
$682
Good luck and watch out for the market.
P.S. This is an educational analysis that shouldn't be considered a financial advice
🌧️ AAVE Descending Wedge BreakoutAAVE has been in a descending wedge for quite a while, and recently broke out of the top to find support around the $376 level. Expecting upside to around the ATH at $575. Expect quite some time in accumulation as AAVE does not have extremely bullish news coming up over the next few weeks.
AAVE moving in a Symmetrical TriangleAAVE is moving in symmetrical triangle and since 25th March, after touching S2, it bounced back and is now moving in an upward trend.
What would be interesting to watch is if it continues to move in the same upward channel. So far EMA 25 is working as support. Looking at the trend there are couple of possible scenarios
Scenario 1 - AAVE to move in an upward channel. To do this, it will have to bounce from EMA 25 support, break upward symmetrical triangle Line (Blue) and break Resistance at 421(R1)
Scenario 2 (Black Path) - Bearish pressure to push AAVE down from the Blue line and then AAVE to bounce again from S1. In this scenario there is a potential that a double bottom is formed.
Scenario 3 (Dotted Black Path) - AAVE manages to break upward Resistance (Blue line), however is unable to break R1. In this case upward Blue line will now work as Support.
Scenario 4 (Orange path) - AAVE goes wild and decides to break all bottom Resistances S1, Symmetrical triangle bottom line (RED) and then bounce back from S2.
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Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
AAVE Will see new ATH soonHere's a quick look at AAVE 4 hr chart. AAVE broke out from the bigger triangle and has now formed a new uptrend. The larger the pattern, the greater the movement. A big pattern leads to bigger moves. This Altcoin will outperform many other altcoins. Keep an eye on this.
The idea is: Buy the breakout from the level show in the chart and sell at the target areas shown in the chart.
Targets:
1. 430$
2. 495$
3. 575$
Follow me for daily trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
1.4.2021 - Aave (AAVE / USDT)Hi Traders!
It's time for a specific trade, which we will implement today on the daily chart. AAVE is a strong DeFi coin that has a good fundament and in addition, we will trade it against USDT.
What is the difference in trading against USDT and BTC? If bitcoin grows, the altcoin will grow more slowly against BTC, which poses a certain risk. However, if the BTC grows, the altcoin will probably also grow against the USDT. This is the basic formula of the market.
On the chart, we see a very simple setting, which has been working great in recent months and I use it in trading constantly. We have strong support from below and in percentage terms, we have fallen by about 50% from the top, which in the bull market represents a sufficient correction. The correction lasted 43 days, which we also consider sufficient.
We are currently above the trend line and above the moving average , so in my opinion, it is only a matter of time before a stronger movement comes. This is also indicated by trading volumes, which declined steadily during the correction.
I would set the first target to the previous maximum - about 526 USDT and the second somewhere in the zone just below 700 USDT (for me exactly 698 USDT).
There are more similar opportunities on the market and it is a good chance that if the bull run continues, these coins will grow.
May the crypto be with you!
AAVE next big move??So, AAVE has been respecting this resistance line...
It is also drawing this bearish triangle with lower highs...
BUT it has made double bottom... and right now it's looking forward to flying through the resistance and close above it!
If this happens.. we can expect a test of new resistance and also a movement to the north!
Hopefully, we can see a movement up, and if it passes through the resistance area we might see new ATH... but this is way too far...
AAVE.USDT (Y21.P2.E1).MACRO.TA.Go longHi Traders,
If you look at the overall structure, you can say its a descending triangle in an uptrend, which also fits into one of Wyckoff's re-schematic 1 structure.
For now, its almost breaking the lower level with a "W" double bottom formation of this re-accumulation stage. (lime path)
Along with a harmonic to support the upward pressure with 2 targets and it fits well to the resistance trend line of the ascending triangle.
With this large macro formation, I have the expectations for it to break its ATH and like the last run, be impressive.
How to trade this?
It depends on your strategy.
1) Buy now, as its on a support level and just HODL;
2) Enter after breaking the 0.5 fib level and red resistance trend line;
3) Enter after clearing the daily 10 and 20 ema;
4) Enter after clearing the x2 daily ema's along with the fib and trend line;
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Regards,
S.SAri
BIG PICTURE
AAVE (AAVEPERP) – Short signal SHORT: 329 - 354
TARGETS:
1) 285
2) Trail stop – let it run
STOP: When a 4h candle closes above 399
Rationale:
-The 100 and 200 EMA have acted as strong support for the duration of the uptrend.
-More recently, price has been respecting two diagonal trendlines
-Price broke out of the upper trendline and retested the EMAs. The EMAs were unable to hold so price retested the trendline, however it rejected off the EMAs and fell through the trendline.
-Price is now hovering between the two diagonal trendlines, under the EMAs.
-Given the recent weakness, price is most likely to drop down and retest the trendline which corresponds to the area of the previous lows.
Your risk, your reward. This is not financial advice.
Happy trading.