Aave
AAVE/USD push up in wave (V) target 830AAVE/USD - Technical analysis
context: AAVE/USD is progressing with a clear impulsive elliot waves upside move. After a long period stuck in a range AAVE is progressing towards new ATH in wave (V) with a standard target at 830.
Key element (Daily chart - log)
- MM are support at 470 (55)
- RSI is above 50%
- Graphical pull back triggered (green line)
- Elliot wave key support 470 and Target 830/905/1070
Conclusion:
No reason to don't see new ATH with this kind of configuration - however keep in mind with have a lack of data history, not easy to collect fibo accumulation.
The standard analysis of the elliot wave told us to take care approching 830 (perfect exit level before sell off), but as mentioned the lack of data can also conduct the conclusion to anticipate a larger move in extension till 905 and 1070
On our side we will exit at 820 (we bought AAVE the 30 November 2020 in the setback on MM)
AAVEUSDT ( Aave) – Coin of the Week Aave is a decentralized financial protocol that enables users to lend and borrow cryptocurrency. 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. When it was debuted in November 2017, Aave (which means "ghost" in Finnish) was known as ETHLend, however it was rebranded to Aave in September 2018. AAVE acts as a governance token, allowing owners a say in the protocol's future development. It also offers holders with lower platform costs.
Technically, Aave follows the same price structure as the bigger market capitalization cryptocurrencies. We had a top in May at the price of 669 USDT per Aave, followed by a crash that created a low at 223 USDT. From the 23rd of May (the day of the low) we are in a consolidation, with the price moving between a resistance and support area. The higher probability move right now is a spike to the upside that will reach the resistance area, with or without touching the support before going up.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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FROM $100,000 TO $100,000,000,000 IN 2 DAYS
$AAVE, Retesting 2020 yearly high level$AAVE
Retesting 2020 yearly high level
UCTS remaining bearish across the board on this asset for now (sell signals / 15% since latest 2D Sell signal)
If fails to hodl here, then looking toward ~570k sats(~25%)
Staying on the sidelines till a change on the trend happens
#AAVE
AAVE following the General trend AAVEUSDFollowing what most cryptos are doing right, AAVE seems to wan to go lower locally. We are noting Wave A of the next ABC fractal forming. Not much to note here - other than that the Fibonacci goals is in green, cancellation/setup rejection is in red. This is not some kind of financial advice for your portfolios, so do your own research and make your own decisions about your trading or investment related moves.
💣🤑 HUNT GOOD OPPORTUNITIES TO BUY AAVE !! 🤑💣With the breaking of the strong and sensitive resistance 358, there is a possibility of price growth up to the range of 395-395.
Otherwise, with the price falling below the support range of 315-325, there is a possibility that the price will fall until further support.
good luck 😉
AAVE LONG TRADE 20210609 1st EntryFirst Entry for now
2nd Entry when breaks through the resistance line
Signals: Blue -> Green
AAVE, AAVEUSD,AAVEUSDT,AAVEUSDTP, CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Aave (AAVE) - June 9Hello?
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(AAVEUSD 1W Chart)
If the price holds above the uptrend line (1), then the uptrend is expected to continue.
(1D chart)
The 337.451626-379.429759 section needs to be supported and move up in order to continue the uptrend.
If it goes down from the 300.459751 point, it can touch the 169.539088 point and move up along the uptrend line, so you need to trade cautiously.
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(AAVEBTC 1W chart)
Since we have created a Double Top, we expect a downtrend if we do not cross the downtrend line.
However, if it finds support at the 0.007865 point, it is expected to renew its highs.
If the price holds above the 0.004956 point, it is expected that the uptrend will continue.
If it rises along the uptrend line (1), it is expected to be a buying opportunity.
(1D chart)
It remains to be seen if the 0.008812-0.009906 zone can find support and move up.
If it falls from the 0.006625 point, you need a Stop Loss to preserve your profit.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
🔥 AAVE Bullish Triangle: Potential Break OutDuring BTC's erratic moves over the last couple of weeks, a bullish triangle has appeared on AAVE's chart. After showing some consolidation at the triangle support yesterday, it seems that AAVE has now bounced off the support and is resuming its upward move.
Be aware that AAVE is highly correlated to BTC. So before trading, check where BTC is going. Also, wait for the price to break out of the triangle to confirm the break out pattern.
Happy trading!