#AAVE Bounces from June 2022 Lows, Adding 19%Past Performance of AAVE
AAVE is bottoming up, per the formation in the daily chart, adding 19 percent. The token has posted gains for two straight days, suggesting strength. However, whether the uptrend continues depends on whether AAVE buyers will clear the immediate resistance levels, anchored from support at around $51.
#AAVE Technical Analysis
The token has support at $51 on the lower end and $67. The resistance line also marks the peak of December 2022. Presently, the AAVE bull bars are banding along the upper BB, suggesting interest from buyers. Besides, there are two strong bull bars that are wide-ranging with decent trading volumes above the middle BB. The former support, now resistance, marks an important level for AAVE. As long as the coin is above the middle BB and $55, AAVE could easily float to $67, an opportunity for optimistic bulls. However, it is after sharp gains above December highs is when traders can load the dips, targeting $98 or November high.
What to Expect from #AAVE?
AAVE traders are confident, but their confidence could only mean strength if bulls can soak in all attempts for lower lows. The immediate support is between $51 and $55.
Resistance level to watch out for: $67
Support level to watch out for: $51
Disclaimer: Opinions expressed are not investment advice. Do your research.
Aave
AAVE most likely to go downAAVE, previously LEND, is one of the lending companies that are not down yet.
Most likely it will feel the contagion of FTX on others.
I have a short position in it since this post:
AAVE/USDT short
Entry Range: $57 - 59
Price Target 1: $50
Price Target 2: $37
Price Target 3: $20
Stop Loss: $69
#AAVE : With Upto +60% Profits Opportunity in the MidTermFundamental Aspect
AAVE devs just launched $SYRO presale!
Holy fck this is huge, one of the most anticipated defi protocols. Full public allocation, no VCs = we get the cheapest price possible here. Easy 10x in next days.
Early birds gets the worm 👀🚀
Technical Aspect
- Falling wedge formation with a breakout.
- MACD signal buying indication with a cross.
- SMA working accordingly in favor of bulls both in the short and midterm timeframes.
- Volume needs some good momentum.
- Break above the falling wedge and staying above the resistance trend line even if it pull backs and retest it is a must to continue in the bullish side of the trend.
- RSI looking bullish too.
- We are still in an accumulation stage and the next heavy barrier resistance will be around 786% fib level.
- Impulsive elliott waves formation is expected.
Will be updating this chart to see the possible out comes for the short and mid term scenarios.
CTE
Aave formed huge bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Aave token with US Dollar pair.
Previously we caught a nice trade of AAVE:
Now on a 4-hr time frame, AAVE has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$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.
AAVE - WE HAVE TRADE HERE!Hello friends!
I come to bring a trade opportunity that I will do in AAVE.
See that AAVE formed an OCOi (shoulder head shoulder inverted), which presents us with a reversal signal.
With that in mind, I will now position myself on AAVE and take partial profits, with the final target being $70.
Note that the stop loss is at the end of the orange band and the blue band is our profit on the trade.
If BTC continues to flatten or rise, I believe in an upside move to AAVE in the near term.
Our main resistance is found in the GAZA BAND located above $70.
And you, will you follow this idea with me?
Leave a boost to support my work and follow me on trading view!
To the next!
AAVE. DeFi progenitor.Usually, the appearance of a descending triangle is an indicator of a trend continuation. In the AAVE case, this is a downward movement to $26 area. Subjectively and speculatively, I'm not sure that we will see these target, but so far everything looks convincing and the goal in breaking through the triangle may be quite achievable.
AAVE - Technical review and analysisAAVE has registered a complete range trend during the last week. Although the price of AAVE broke the trend line support, the buyers provided good support again due to the existence of static support below the $60 range. The positive reaction to the price of 58 to 60 dollars has caused a 9% growth and hit the resistance range of 63.5 to 66.6 dollars. If more support from buyers this week can bring the price back above the blue resistance range, we expect the AAVE currency trend to remain bullish for the short term. We can consider short-term targets in the range of $68-$70 and $80 range. . Note that the overall trend of the currency is still bearish on the higher time frames, and due to the last strong bearish wave that took the price to the $50 level, a break of the $70 minimum resistance is needed to change the trend.
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 going downquick rundown on AAVE but it looks like its going back to its origins. this downtrend will continue until this coin drops sub $30, only then would i consider it a proper value area buy. Watch out for the rejection shortly and more downside to come over 50% left on the downside. careful out there traders.
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.