Aave
Aave (AAVE) - May 7Hello?
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(AAVEUSD 1W chart)
(1D chart)
We have to see if we can get support at 437.866003 and rise above 505.364160.
If it falls, we need to see if it can rise along the uptrend line.
If it falls in the 337.451626-379.429759 range, Stop Loss is required to preserve profit and loss.
If it is supported at 505.364160, it is expected to reorient itself by ascending to 631.298562-673.276694.
On the wRSI_SR indicator, the RS line fell below 20.
It remains to be seen if it can rise above 20 points and turn into a short-term uptrend.
It remains to be seen if the CCI line can rise more than 100 points on the CCI-RC indicator.
At this time, volatility can occur, so careful trading is necessary.
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(AAVEBTC 1W chart)
(1D chart)
We have to see if we can get support and climb at the 7865 Satoshi point.
If it falls, we need to see if it can rise along the uptrend line.
If it falls at the 6500 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it remains to be seen if it can rise along the uptrend line.
On the CCI-RC indicator, we need to see if the CCI line can touch the EMA line and rise.
If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
AAVE - Possible Breakout (As you asked)AAVE is fighting resistance right now. I'll open my long position right after the closure of the first 4H candle above the resistance area and hold until this 2 targets as shown on chart.
If the price goes through correction, there are 2 support areas to hold the price.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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Burger Good Longterm InvestmentI invested today on BURGER once the price touched the lips of the alligator, the Green Line. I have analysed the project and I find it similar with AAVE and has great potential to rise to 400-500 per coin if not more in the next few months. Lets see. You could make even more profit from the trend if you trade it in smaller timeframes cause I see it has a bit high volatility.
I expect to make my capital about 100x times from the size it is from the BURGER coin till it reaches the 20x increase and compete with AAVE in market capitalisation, by trading it in smaller timeframes.
The transaction fees are much lower than AAVE and has a crosschain function as well.
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Hope to be correct and good luck to all!
AAVE PERPCurrently moving up in this ascending triangle - Big day as we've successfully broken through $500 and are now retesting it for support (I've already opened a long position here).
Daily chart looks set to blow up providing we can hold the 500 level. Next fib extension on the daily is 1.272 and sits at bang on $600 so will be placing a sell order just below.
Breakout of the ascending channel on the hourly is gonna be the trigger for this move.
I've been using Binance for futures up until recently - Phemex fee's are much better and more obvious (nothing is hidden. Help a brother out and use the code below when you sign up: phemex.com
AAVE/USDT breaking out of the accumulation phase on the daily tfAAVE just broke out of the accumulation phase on the daily time frame, according to the Wyckoff accumulation pattern.
Flipped the previous resistance into support ...
I believe the expansion phase will be strong
First target : 580 usd, then we will be heading into price discovery !
Enjoy the ride
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
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Have a Good day and Safe trade
Butterfly .D
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