AAVE: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $115 and $125 resistance, making a Higher High (sign of Uptrend) but got overbought (RSI > 70) and pulled back. Pullback near $95-100 support zone could be a swing trade entry in Uptrend with upside potential back to $115 near-term and $125 medium-term. Stop Loss (SL) at $87 (just below prior swing low and below the nearest support level).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.
Aave
AAVEUSDT|The end of the BULLISH trendAfter the upward lag that started at the price of 63 dollars, it has continued its upward trend in the form of an ASCENDING channel.
By reaching the resistance levels, we saw returns from these areas as long shadows, which indicates high liquidity in these areas and it is difficult to pass through these areas.
Multiple reversals from these areas show the weakness of the momentum, if the last downward movement leads to the breaking of the channel, we can enter sales transactions in the reversals to the channel, up to the support levels created by the origin of the movement.
The prices of 78.26 and 63.51 are suitable targets for selling transactions.
AAVEUSDT 100% UpsideAAVEUSDT has established a significantly vast demand zone adjacent to the $50 psychological level, consistently respected over four consecutive instances, emphasizing substantial buying pressure within this zone. Preceding the recent bounce, AAVE broke above a downtrend trendline, signaling readiness for further upside potential. Subsequent to a robust correction and the last retest of the $50 support, a formation of higher highs and higher lows has become evident, indicating a bullish reversal.
The $80 supply zone has transformed into a demand area, witnessing a bounce off the average-price uptrend trendline. Presently, AAVEUSDT appears poised to initiate a significant rally. Overall, our projections anticipate a 100% price surge from the most recent demand area. This surge is aimed towards the 361.8% Fibonacci retracement level, aligning with the top of the extended ascending channel.
AAVE: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $115 and $125 resistance, making a Higher High (sign of Uptrend) but got overbought (RSI > 70) and pulled back. Now we wait for price to either 1) break above $115 to signal continuation of uptrend, with upside to $125 near-term, or 2) pull back near $95-100 support zone for a swing entry in Uptrend with upside potential back to $115 near-term and $125 medium-term.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.
I Cannot Short This !!! situation+next targets.AAVEUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
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Candle of breaked(AAVE)❤️❤️Thanks for boosting 🚀 and supporting us!
📈When I am in a reng and that reng is broken with a powerful candle, I can decide to follow the same process from the broken side, and AAVE has exactly the same conditions.
📊 (Entry) : 119.57
🔴 Stop Loss : 111.34
🎯 Take Profit : 125-131-138-144
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
AAVE: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly broke above $115 and $125 resistance, making a Higher High (sign of Uptrend) but got overbought (RSI > 70) and pulled back. Now we wait for price to either 1) break above $115 to signal continuation of uptrend, with upside to $125 near-term, or 2) pull back near $95-100 support zone for a swing entry in Uptrend with upside potential back to $115 near-term and $125 medium-term.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, which it broke, then $125.
AAVE/USD 1w Longterm Bullish !AAVE/USD 1w Longterm Bullish !
In 2024, I expect a rise in the aave with the re-blowing of the de-fi wind. The halving period may be a correction, but when we look at the long term, I think the upward trend has started.
Indicator: Gaussian channel
AAVE/BTC 1w
AAVE/USD 1w Lineer
AAVE weekly chart update👀🚨AAVE weekly chart update
3 days left to see the weekly candle close👀🚨
Depending on that we might look at higher bullish prices - see Take Profit points 1,2,3 and4 with explanation
If this week turns out as a fakeout Aave should not lose $85
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
AAVE: Pullback in UptrendTrade setup : Price is in an Uptrend. It briefly consolidated in a Bullish Flag pattern, broke out of it and reached $120. Now it’s pulled back to $95 support area, which could be a swing trade entry in Uptrend, with upside to $115 near-term and $125 medium-term. Stop Loss (SL) at $85 (prior swing low). Previously, following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.
⚡️AAVEUSDT CMC TRADING ⚡️ FALLING WEDGEA falling wedge pattern has been identified in the AAVEUSDT pair within the hourly timeframe, signaling the potential for an upward momentum. The breakout above the upper boundary of the wedge is a significant development. Our anticipation involves a rally or movement towards the next major supply zone that has been highlighted.
AAVE/USDT Trading IdeaWe're discussing the development idea in the accumulation phase for the AAVE/USDT crypto pair.
In June 2022, there was a notable decline in the asset, hitting a local bottom of the existing bearish trend at $45.80. However, it confidently surged from this level, reaching $115.27, showing over a 150% increase . Later on, the asset chart displayed the formation of a descending triangle, accompanied by significant trading volumes.
Currently, we observe AAVE's price breaking out of the described triangle and starting to trade within an ascending channel , confined by values from $115.27. This might indicate a potential continuation of the accumulation phase with a possible price squeeze toward the local maximum. Hence, the present trends and price chart structure suggest interesting dynamics in the asset's movement.
Considering these trends, it's conceivable that the asset is preparing to surpass the local maximum of $115.27, paving the way for further upward movement. The initial target for this upward trend could be the strong resistance level at $200. If this level is successfully breached and bullish pressure is sustained, the subsequent potential target could be around $260.
AAVE: Bullish Flag BreakoutTrade setup : Price is in an Uptrend. It briefly consolidated in a Bullish Flag pattern and broke out of it, with upside potential to $115 near-term and $125 medium-term. Previously, following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an Uptrend.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.
AAVE: Bullish Flag BreakoutTrade setup : Price is in an Uptrend. It briefly consolidated in a Bullish Flag pattern and broke out of it, with upside potential to $115 near-term and $125 medium-term. Previously, following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an Uptrend.
Pattern : Bullish Flag pattern. Short term small rectangle trading range between diagonal parallel lines. It moves counter to the prevailing price trend observed in a longer time frame on a price chart. It forms typically following a sharp advance and often indicates a small change in direction (or areas of consolidation) before the previous trend resumes. Flag pattern is among the most reliable continuation patterns that traders use because it generates a setup for entering an existing trend that is ready to continue. Trade is initiated on a breakout, if it is in the same direction as the prevailing trend. Also, with bullish flag patterns, traders prefer a breakout with an increase in volume but it isn’t a must.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $95, then $80. The nearest Resistance Zone is $115, then $125.
AAVEUSD: Overbought but can do one last spikeAAVEUSD got overbought on the 1D timeframe (RSI = 70.408, MACD = 2.580, ADX = 34.530) after the strongest two day rise of the current Bull market. The pattern is a Channel Up, which has long turned the 1W MA50 into Support and despite the overbought technicals, it can extend up to 1W MA200, which is the last Resistance remaining and the level that rejected the crypto on August 8th 2022 and May 30th 2022. As a result we will remain bullish up to 140.00 and then buy as it approaches the 1W MA50 near the 0.236 Fibonacci level. That buy's target will be the 0.618 Fibonacci (TP = 240.00).
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AAVE Had a Good Run | 👀🚀 What's Next for AAVE?💎 Paradisers, turn your attention to AAVEUSDT, which is currently showing a significant setup in the demand zone, reinforced by a recent Market Structure Shift (MSS). This arrangement indicates a substantial likelihood for a bullish trend.
💎 On analyzing AAVE's pattern, Aave has a consistent track record of breaking above its descending trendline, a clear sign of potential upward trends. It is presently approaching a major Bearish Order Block (OB) challenge, with enduring momentum above the EMA100, aiming for supply levels at $135.
💎 Nonetheless, in the ever-evolving crypto market, AAVE traders need to be prepared for diverse scenarios. If the anticipated bullish surge does not materialize, shifting to a rebound strategy from the support level at $78 will be imperative.
💎 A fall below this support level would call for a change in strategy, underscoring the need to reevaluate the bullish stance and adapt trading strategies in light of new market developments.
💎 Stay alert and strategically savvy, Paradisers. Your ParadiseTeam is dedicated to providing you with comprehensive analysis and guidance, helping you navigate these market conditions with informed and effective trading decisions.
AAVE: Revolutionizing DeFi with Cutting-Edge Lending Solutions!Hello to all my Crypto Savvy Followers! 👋 The FXProfessor here, spotlighting AAVE, a trailblazer in the decentralized finance (DeFi) sector. Let's delve into what makes AAVE a game-changer and explore its promising trajectory!
AAVE's Pioneering DeFi Role:
🚀 AAVE leads the DeFi charge, offering an innovative platform for lending and borrowing digital assets.
🌟 Since its 2020 inception, AAVE has amassed a remarkable $4.54 billion in its protocol, showcasing its growing popularity.
AAVE V3 - The New Frontier:
🛠️ AAVE V3 elevates the game with enhanced cross-protocol integrations, heightened security, and refined decentralization.
📈 TVL (Total Value Locked) in AAVE V3 hits $3.40 billion, reflecting its robust and secure ecosystem.
Market Performance:
💹 From $51 in mid-September to a notable $97.24 in early December - AAVE exhibits an impressive 90% gain.
📊 This surge is attributed to the escalating demand for DeFi solutions and AAVE's relentless innovation.
What's on the Horizon:
🔍 The chart suggests $120 as a crucial resistance level. Breaking this could propel AAVE towards a $100 price range.
📈 Achieving this would mark a significant milestone, potentially escalating AAVE's market cap to an estimated $14.60 bill. Link: cryptodaily.co.uk
FXProfessor's Insight:
🌟 AAVE isn't just a crypto asset; it's a testament to the evolving world of digital finance.
📚 Stay tuned for more updates as we track AAVE's journey in reshaping the DeFi landscape.
Trade smartly, embrace innovation, and let’s witness the growth of AAVE together! 💙
One Love,
The FXProfessor 💙