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Aavelong

A CUTTING EDGE Project - Insane potentialI won't go much into technicalities but more into project fundamentals. DeFi looks like it's going to explode in 2021 at only about a 30 Billion dollar market cap. It's basically in infancy. And for me, by the end of 2021, it could grow by tenfold. When it comes to AAVE, 3 billion dollars is locked into AAVE alone - It's the largest crypto DeFi project by market cap. The total supply is 16 million tokens, 3 million will be allocated to the AAVE ecosystem reserve. The inflation rate of about 1.2% per year. Aave is in the process of receiving the necessary licenses they need to make it possible for users to buy assets in Aave directly using fiat. Aave received the first of these licenses in July from the UK Financial Conduct Authority. Aave also received over 25 million dollars in funding from various venture capital firms in October 2020. The purpose of those funds is to bring in more institutions and expand Aave’s operations into Asia. That is why I think AAVE is not only going to be the largest DeFi project but one of the largest in the whole crypto market. Remember when Bitcoin was about $1000? ;)
FTX:AAVEUSDLong
by Pill_z
5
LEND.BTC (Y20.P4.E1).Stalking gems in the making.no.2Hi, This is a continuation from a series of posts about LEND, links are provided below. OBSERVATIONS: ================================================================= > Trend line as per chart has confluence with the 12 hrly 21\34 EMA ribbon; > Trend is intact with higher highs and higher lows on the 12 hrly; > Indicators tell me that its likely we found support here and hence looking for a bottom turnaround on the KDJ and Phoeix; > This could be the ABC correction and hence a consolidation pattern is likely to take place; > BTC is ranging for support and likely slowly move up once its confirmed once again 11600 being defended - refer to my BTC post and its update; THOUGHTS: ================================================================= > We can have an ascending triangle of some sort with ABCDE Elliot move, as per ascending horizontal triangles or a symmetrical one; or we have a 123 impulse which is less likely because like LINK it takes time to get the momentum going; > Looking for a bullish candle in the smaller timeframes, x2 candles will do it; eg 4 hrly; Please give me a like or tick for this post. Regards, S.Sari 12 HRLY chart 4 HRLY chart LEND against the USD\T PREVIOUS POST
LLong
by ssari
2
LEND.USDT (Y20.P3.E1).Ready for another big moveHi All, I have not traded with LEND since I missed it the first time, however I feel this is another opportunity. Really its 51/49% move as its very symmertical in the approach. What's going for LEND is the following: > Strong uptrend up till now; > Current structure doesn't look like the traditional reversals, more so like BTC before it broke up (Crocodile formation); > Smaller time-frame (charts below) shows that the pressure is upwards based on the CPR levels; > Many of the DeFi ALTS have been consolidating, re-accumulating for the next stage up (I believe). > The 2 Day chart below shows bullish candles to the upside. Weekly chart the same. > 4 HRLY chart > indicator looks like a squeeze happening like others, before the made a move up. What's your opinion? Please give me a like or tick for this post Regards, S.Sari 4 HRLY chart 2 Day chart Weekly chart Some news: Aave Revamps LEND Token Economics: Adds Staking, Liquidity Mining Aave is overhauling its token economics by adding liquidity mining and staking to its protocol. The change is aimed at helping LEND holders capture more of the protocol’s growth. A few minutes later
LLong
by ssari
11