$AAVE/USDT 1D (Binance Futures) Bullish pennant near breakout
Aave finally looks bullish again after bouncing on ascending channel and 100EMA support.
Current Price= 378.932
Buy Entry = 362.450 - 330.250
Take Profit= 499.049 | 713.557 | 1025.130
Stop Loss= 269.660
Risk/Reward= 1:2 | 1:4.8 | 1:8.86
Expected Profit= +44.13% | +106.08% | +196.07%
Possible Loss= -22.12%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Current Price= 378.932
Buy Entry = 362.450 - 330.250
Take Profit= 499.049 | 713.557 | 1025.130
Stop Loss= 269.660
Risk/Reward= 1:2 | 1:4.8 | 1:8.86
Expected Profit= +44.13% | +106.08% | +196.07%
Possible Loss= -22.12%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active
All entries filledAave broke bullish then dipped a last time and is now heading towards first target.
I had to redrew a bit the ascending channel, chart is looking really good I must say!
Note
TP1 missed by 5.718$Aave pumped nicely but not enough to reached 500 dollars again, I am still confident about it!
Note
TP1 missed again by 16.299$ this timeAave also wicked hard after breaking down the channel, what a sell-off it was!
Seems like the PC bot hasn't closed it either, so if you are still in you can partially take some profit here.
Now retesting the ascending resistance, I would not be surprised if dips a last time before going for a new ATH, chart looks quite bullish..
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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.