Aave
AAVE is in a Bearish Pattern But can It Become Bullish?AAVE is in a Descending Triangle. this means the price is going to Decrease (Probably) But a Thing That Must be Noted is that There is a Regular Bullish Divergence (+RD) Visible On MACD Which means the Price Can Increase.a Break out Is about to Accrue too.So there IS a Chance For Price to Increase Back to the Top Of The Triangle.
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Thank you for seeing idea .
Have a nice day and Good luck
AAVE USDT 1D (upcoming) break-out tradeAAVE broke the downtrend in which it had been since April 21 (see orange transparent diagonal line). The price corrected ~80% since then and we're currently back in the downtrend regions.
The price is retesting this diagonal and I'm convinced it'll eventually reclaim it. As there's plenty of support below it, clarified below.
The price is currently hovering around the .618 (fib measured from the lows in March to the highs in April) A little below that area we have multiple HVNs (high volume nodes) measured with the fRVP tool from the lows in March.
If two HVNs are close to each other, I usually take the midpoint (hence the divide by / 2 in the text). This midpoint is a good approximate to the average support.
The idea is to DCA in from around .618 up to the lower HVN regions around $155.
The invalidation is below the .786 fib retracement. Which is well below the HVNs and a very clear invalidation level.
I added the long tool right to illustrate an example position you could build. Please apply proper risk management before you enter the trade. Calculate exactly what'd you lose if your stop hits. And expect your stop to hit > 50% of the times. This'll make you a good risk manager. believe me.
💡Don't miss the great buy opportunity in AAVEUSD @AaveAaveTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (162.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 174.4
TP2= @ 181.4
TP3= @ 191.4
TP4= @ 209.9
TP5= @ 234.7
SL= Break below S2
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💡Don't miss the great buy opportunity in AAVEUSD @AaveAaveTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (162.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 174.4
TP2= @ 181.4
TP3= @ 191.4
TP4= @ 209.9
TP5= @ 234.7
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AAVE vs Tether Breakout Point... Can Be Anything...Here we have AAVEUSDT on a very tricky spot.
It just came out of a descending channel and is trading above EMA21/EMA10 with a strong RSI... But there is no volume...
I just shared a chart for TOTAL and BTCUSD with some early bullish signals developing...
If the bulls follow up, we can also see AAVEUSDT/AAVEBTC grow.
But if there is no follow up, this pair and all others are likely to move lower rather than up.
Here we also have prices trading above the 0.618 Fib. retracement level for the last bullish wave.
But there is no way to predict what will happen next.
Trading is very easy though...
We buy with a very tight stop-loss...
LOW RISK, WITH HIGH POTENTIAL FOR REWARDS.
This is not financial advice.
Namaste.
Aave bounces at EMA50/EMA100 (Next Target Mapped)We are seeing many altcoins recover after a just a few short days (2 weeks max) of correction... We have good potential for a new high since we are getting higher lows.
You can find more details on the chart.
Previous trade idea 27-February
Thank you for reading.
Thanks for the support.
Namaste.
AAVE Bullish Divergence (115% Potential Profits)Aave vs Bitcoin (AAVEBTC) is showing the classic bullish divergence signal with the MACD and RSI as well as a bullish cross on the chart.
Today's bullish candle after the bullish engulfing pattern 24/25 Feb. also supports additional growth.
Prices moving above EMA10 while the MA200 is starting to trend down.
Additional details on the chart.
Note: These signals can be easily invalidated.
Make sure to have a plan before trading in case the market changes.
Namaste.