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๐ The Bullish Convergence Pattern
This AAVE/USDT weekly chart reveals a textbook pattern that's impossible to ignore. After forming a massive rounded bottom structure from 2022-2024, AAVE is now completing its correction phase with a clear descending triangle - typically a continuation pattern in an overall uptrend.
๐ฏ 668 USD Target: Why It's Realistic
Notice the horizontal resistance at $668 (marked as "High") - this level has historical significance as it was tested twice in a perfect 13-bar, 91-day cycle. The current price of $151.63 represents a stunning opportunity, as reaching this target would deliver a 340% return.
โ Time-Based Symmetry
The chart shows two identical "13 bars, 91d" measurements. This remarkable symmetry suggests we're approaching the end of the correction, with a powerful move expected to begin in the coming weeks that could mirror the momentum seen in early 2021.
๐ Technical Confluence
Multiple factors align for this massive move:
- Price is testing the long-term support trendline (white curve)
- The current triangle formation is reaching its apex
- We're at a historical support zone ($144-$151)
- Volume has been decreasing during this correction (classic pre-breakout behavior)
๐ก Why This Time Is Different
Unlike previous cycles, AAVE has established itself as a cornerstone of DeFi with sustainable revenue models, institutional adoption, and a proven track record through multiple market cycles. The fundamental backdrop supporting this technical pattern is stronger than ever.
โฐ Entry & Exit Strategy
- Entry Zone : $144-$152 (current level offers excellent risk-reward)
- Initial Targets : $250 (previous resistance), $400 (2024 high)
- Ultimate Target : $668 (multi-year resistance)
- Stop Loss : Below $125 (violation of the long-term trendline)
๐ฎ The Bigger Picture
This isn't just another trade - it's positioning for the next major DeFi wave. The identical 13-bar cycles suggest we're on the cusp of a significant market phase shift that could propel AAVE to new heights.
๐ The Bullish Convergence Pattern
This AAVE/USDT weekly chart reveals a textbook pattern that's impossible to ignore. After forming a massive rounded bottom structure from 2022-2024, AAVE is now completing its correction phase with a clear descending triangle - typically a continuation pattern in an overall uptrend.
๐ฏ 668 USD Target: Why It's Realistic
Notice the horizontal resistance at $668 (marked as "High") - this level has historical significance as it was tested twice in a perfect 13-bar, 91-day cycle. The current price of $151.63 represents a stunning opportunity, as reaching this target would deliver a 340% return.
โ Time-Based Symmetry
The chart shows two identical "13 bars, 91d" measurements. This remarkable symmetry suggests we're approaching the end of the correction, with a powerful move expected to begin in the coming weeks that could mirror the momentum seen in early 2021.
๐ Technical Confluence
Multiple factors align for this massive move:
- Price is testing the long-term support trendline (white curve)
- The current triangle formation is reaching its apex
- We're at a historical support zone ($144-$151)
- Volume has been decreasing during this correction (classic pre-breakout behavior)
๐ก Why This Time Is Different
Unlike previous cycles, AAVE has established itself as a cornerstone of DeFi with sustainable revenue models, institutional adoption, and a proven track record through multiple market cycles. The fundamental backdrop supporting this technical pattern is stronger than ever.
โฐ Entry & Exit Strategy
- Entry Zone : $144-$152 (current level offers excellent risk-reward)
- Initial Targets : $250 (previous resistance), $400 (2024 high)
- Ultimate Target : $668 (multi-year resistance)
- Stop Loss : Below $125 (violation of the long-term trendline)
๐ฎ The Bigger Picture
This isn't just another trade - it's positioning for the next major DeFi wave. The identical 13-bar cycles suggest we're on the cusp of a significant market phase shift that could propel AAVE to new heights.
Trade active
IT ON NOW WE WILL SEE CORRECT TO 155 - 160$ then continue up trend to first tp 360$
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.