LET'S GO AAVEAAVE at 130$ sounds right and 'the price is right'.
Price has been playing nicely in an ascending channel, same with some other major ALTS.
AAVE is Professor's favorite Defi, after tons of research.. Do your own as always or look at previous AAVE post below for more info.
One Love,
The FXPROFESSOR
Aave
#AAVE Surges 130% from 2022 Lows, Prices May Retest $120Past Performance of Aave
Despite price stagnation yesterday, buyers remain in control. AAVE has more than doubled, rising from 2022 pits in the past two months. As of August 12, the token is roughly up 130 percent from June 2022 lows and capped within a rising channel. Per the formation in the daily chart, there could be entries on every retracement within the wide-ranging bull bar of August 10 that anchors the current price action.
#Aave Technical Analysis
The 11-day, $10 consolidation between July 29 and August 9 proved to be an accumulation following the eruption higher above the $110 resistance on August 10. While prices consolidated on August 11 in lower time frames, buyers are currently in control as per the formation in the daily chart. From volume analysis, AAVE is bullish above $90 and the middle BB. Any drop within the August 10 bar may offer an opportunity for aggressive buyers to buy. However, conservative traders may wait for prices to float to new H2 2022 highs above $115 to load the dips. The immediate target is at $120, a retest of Q1 2022 lows.
What to Expect from #AAVE?
Traders are confident, and AAVE could be in for even more gains ahead should prices break $115 in the next few trading sessions. At spot rates, support is marked at $90 and the middle BB.
Resistance level to watch out for: $115
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
AAVE/USDT: Bullish reversal underway - out performer---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------
AAVE/USDT: Bullish reversal underway - strong outperformer
Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - AAVE is one of the coin which outperform ETH at the moment
- We are watching at 130 to bypassed to extend the bullish recovery in progress
- Watch 70 as key support
Market configuration
- Graphical Elements :
Graphical support = 70 & 46
Graphical Resistance = 130 / 175 / 580
- Mathematical Indicators:
EMA ( Exp Moving averages) are support at 89 = Bullish
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (c) B is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 130
Fibonacci bullish wave target at 175
Fibonacci bullish wave support at 70
Fibonacci bearish wave target at 46
Conclusion
Prefered case => As long as 70 remains support a larger recovery towards 130 is expected with strong conviction, only a break above 130 will open a direct recovery potential towards 175 and the previous top
Alternative case => Breaking 70 a new bearish attack towards 46 will occur
Update: AAVE and the $100 - comparison of 2020/21 and 2022AAVE and the $100 - comparison of 2020/21 and 2022
End of 2020 / beginning 2021 AAVE broke $100 after some daily rejections before - MA Ribbon was green at that time
Beginning May this cryptocurrency fell through this important mark and the two breaks through $100 were fakeouts - MA Ribbon was red at that time
Yesterday we had a beautiful breakout above $100 - MA Ribbon is green !!!
Today and the next couple days will decide if fakeout or real breakout
What do you think dear Crypto Nation? Love to read your comments
*not financial advice
do your own research before investing
Aave (AAVE) - August 11Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(AAVEUSDT 1D Chart)
Whether the price can be maintained above 81.3 is the key.
This is because 81.3 or lower is likely to be a mid- to long-term investment area.
If it rises above 124.5, it is likely to move higher.
The 178.0-228.0 section is a trend-determining section, and attempts to ascend to this section are expected.
Therefore, in order to continue the uptrend, it is important to gain support above 124.5.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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AAVE- 137$ Or Higher (Reuters) - Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September.
U.S. consumer prices did not rise in July compared with June, marking the slowest monthly inflation in more than two years, as fuel prices dropped.
The market is now pricing in a 37.5% chance of a 75-basis-point increase in fund rates at the U.S. Federal Reserve's next meeting in September, compared with 67.5% before the data.
All the 11 major S&P 500 sectors advanced in early trading, with consumer discretionary, information technology and communication services gaining between 1.7% and 2.6%.
"The sign of slowing in the rate of inflation offers hope the Fed's rate increases won't need to go as far as previously thought," said Mike Owens, global sales trader at Saxo Markets.
Markets rise, Bitcoin and good Alts follow.
AAVE is Professor's favorite Defi: off to 135-137$ should be happening next.
Support at 110$ and a bit lower at the end of ascending channel.
One Love,
the FXPROFESSOR
AAVE 🇬🇧- DEFInitely a BUY 💂💷Market becoming Bullish early this week as you have been informed:
I think this time is ok to FOMO:
US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀).
BTC Technical analysis:
Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago).
Watch the video and take a look at THIS:
After the Falls we naturally get a lake
I think it ended up being Perfect.
One Love,
The FXPROFESSOR
AAVE and the $100 - comparison of 2020/21 and 2022AAVE and the $100 - comparison of 2020/21 and 2022
End of 2020 / beginning 2021 AAVE broke $100 after some daily rejections before - MA Ribbon was green at that time
Beginning May this cryptocurrency fell through this important mark and the two breaks through $100 were fakeouts - MA Ribbon was red at that time
Today the next trial is running - MA Ribbon is green !!!
What do you think dear Crypto Nation? Love to read your comments.
*not financial advice
do your own research before investing
May the 50 day moving average shine upon you!Traders,
In this video I discuss all of the normies: Bitcoin, the dollar, the vix, us oil, SNP (spy) and we'll cover some altcoins. Plus, we talk briefly about FTX.us trading stocks, the Solana hack, and I'll show you a few of the indicators I am eyeing up before entering a trade this week.
Stew
A list of altcoins that I am currently eyeing up can be found here :
www.tradingview.com
AAVEUSDT: Wedge & Growth OpportunitiesAn excellent medium-term trading plan on AAVE.
The prolonged downward correction in wave B seems to be over.
At the moment the price has formed a strong upward impulse in the form of a wedge pattern for 1 wave.
Locally, the price is correcting in the assumed wave B (in wave 2).
I plan to open a short position at the completion of wave B in order to win back the decline in wave C (in wave 2); the profit-taking target is 75.
At the completion of wave C (in wave 2), I will close the short position and open a long position, with the goal of taking profits at a minimum of $300.
Good luck to you)
AAVE ON SUPPORT (Mid-Channel)Markets opening and after a very bad weekend the market could be attempting a rebound.
Weekend failure could mean Retail Buying power starts to be thin.
Crypto industry could be braced for institutional buying after the weekend meltdown.
Indices in Europe are in the Green today: Germany, France, England are higher today after EU opening hours while the Italian FTSE is up over 1%!
US markets opening will dictate the pace, there is no magic here just common sense.
Technical Analysis:
Price failed to rise over 24300 and ended up back in the ascending channel .
22450 is the Mid-channel Support and it could potentially be a great price to attempt Long positions again.
If that levels fail then BTC could be off to 20650.
FRIDAY:
Far away but keep in mind Employment data in the US will be the Major Fundamental event this week.
GDP last week was 'painted' green despite it was Red and now it's up to Friday's NFP to see which color then next Big candles will be (in the markets as well as in crypto).
One Love,
the FXPROFESSOR
AAVE/USDT - Potential Short ScenarioHello Traders!
AAVE continues to move within the descending trend completing the falling phase.
It is possible to assume that correction to the basic movement to gather liquidity near the $104 is finished. Thus further, it is possible to expect a continuation of descending pricing.
The set of medium-term purchases can be started in parts in the price range of $30 - $54 after the price leaves under the support level of $54.
Targets of such purchases will be price levels of $104 and $164
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Consolidating $BTC resistance at 32k & support at 20kIf you were to put a computer in place to do trade for you, wouldn't you want it to take simple decision lines over more complicated? Liquidity from hedging shorts along with eager sweating bulls who sold with them to protect their downside risk will be catching the wind up to 32k soon, if buying pressure continues to drive with high volumes into and past the weekend. The downside play is much more familiar; 20k. If only I had cash on hand ... risk reward is so juicy. GL out there and be safe everyone!
AAVE- I expect a CorrectionSecond negative GDP quarter is being downplayed and yes: the markets are crazy
but at then end logic prevails and this chart helps with resistance levels now and at 110$
I am going short on AAVE (this is my second attempt today).
DYOR and take your own decisions.
One Love,
the FXPROFESSOR
AAVE USDT SHORT SWING | AAVEUSDT | SHORT @ 94 - 90 | TP @ 89, 88, 87, 86, 85 | SL @ 104 | PATTERN = DESCENDING TRIPLE BOTTOM BREAKDOWN | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:AAVEUSDTPERP BINANCE:AAVEUSDT BINANCEUS:AAVEUSD COINBASE:AAVEUSD FTX:AAVEPERP