AAVE Accumulation Zone and Breakout OpportunityAAVE is looking super bullish on the 12H timeframe. A breakout above the marked shaded resistance area could trigger a strong bullish move.
The green box represents an excellent accumulation zone, providing a solid opportunity to prepare for the next leg up. Monitor closely for confirmation of the breakout.
Don't forget to follow for more insights.
DYOR, NFA
Aavebullish
AAVE/USDT Bullish after pullbackBullish on AAVE. We can see a falling wedge pattern forming on the daily timeframe, with nice bounces between the pattern.
Furthermore, we are able to see a Bullish MACD on the 4hr timeframe. Wait for this to happen on the daily timeframe for a signal to buy.
In this suggestion, we recommend to not wait for price to break out at the falling wedge, but to take profit for the trending wave upwards.
Trade setup:
Entry: 115
S/L: 102
Target: 160
$750 AAVE By Feb 24th?My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
____________________________________________________________________________________________
ANALYSIS:
AAVE developed a base that should be the bottom of the correction, as the previous bottom was not invalidated. EMA's are converging post negative price action in which an aggressive move to re-test the daily R1 would be a nice scalp targe if an entry was placed @ the local bottom.
If BTC and ETH remain in this bullish trend, AAVE should re-testing ATH, then correct for structural footing. If AAVE penetrates the daily R2, on a bullish vibe, overhanging diagonal resistance could cause a sharp correction to the .382 - .236 fib levels. AAVE should find plenty of support in that region due to the region being heavily traded that has been validated as support. Anchored VWAPS from 78th and 103rd bar of price action provides confluence for support being found @.382 - .236 fib levels