AAVEUSDT: broke out, 2200% potential!!!
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Hello everyone,
I'm curating a list of promising projects to hold for the upcoming bull run.
1. FETUSDT (already posted)
2. ONDOUSDT (already posted)
3. AAVEUSDT
Let's analyse AAVEUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
TECHNICAL ANALYSIS:
AAVE has successfully broken out of a triangle pattern, indicating a potential uptrend. The recent retest of the breakout level is a positive sign.
The price is currently supported by the 100-day moving average on a weekly timeframe. Additionally, a significant increase in 24-hour trading volume suggests growing interest.
A bullish crossover between the 50-day and 100-day moving averages could further fuel the price increase.
Buying Levels:
CMP to $106 (DCA)
$55 to $74 (DCA)
Target Levels:
$197.74
$340.30
$680.95
$2516.95
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Hello everyone,
I'm curating a list of promising projects to hold for the upcoming bull run.
1. FETUSDT (already posted)
2. ONDOUSDT (already posted)
3. AAVEUSDT
Let's analyse AAVEUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
TECHNICAL ANALYSIS:
AAVE has successfully broken out of a triangle pattern, indicating a potential uptrend. The recent retest of the breakout level is a positive sign.
The price is currently supported by the 100-day moving average on a weekly timeframe. Additionally, a significant increase in 24-hour trading volume suggests growing interest.
A bullish crossover between the 50-day and 100-day moving averages could further fuel the price increase.
Buying Levels:
CMP to $106 (DCA)
$55 to $74 (DCA)
Target Levels:
$197.74
$340.30
$680.95
$2516.95
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Note
30% up from our entry!!
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