AAVE best time for accumulation in 2023
Possible Targets and explanation idea
➡️Weekly chart. BearMarket over 2 years. Since April 2021.
➡️Fib came in -0.27 zone. Accumulation zone
➡️Trade under fundamental price (real value) of this coin (yellow last line)
➡️First main target for AAVE - 193$ take profit line. Over 0 level by FIB
➡️Bellow Market Mood indicator represent the best time for accumulation. White colour zones. Even if you use DCA strategy.
➡️Look on a chart and you can count in average price if you buying in white mood zones.
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AAVEPERP
#AAVE/USDT#AAVE
The price is moving in an upward channel on a 3-day frame
The price rebound more than once at the lower border of the channel at the price of 50 is evidence of the strength of the channel border and the expectation of a rise
We have a higher stability moving average of 100
Likewise, there is a trend in which the price touched the RSI and rebounded from it
Entry price is 0112
First goal: 132.97
The second goal is 151.92
The third goal is 175.74
"Unveiling Crypto Riches: A Deep Dive into Aave's Rollercoaster How much does Aave command in value today?
As of now, the current price of Aave stands at $93.52, accompanied by a 24-hour trading volume totaling $157,652,499. Over the past 24 hours, Aave has experienced a slight dip of 2.39%. In the CoinMarketCap ranking, Aave holds the #45 position, boasting a live market cap of $1,349,392,224. The circulating supply of AAVE coins is recorded at 14,634,359, while the maximum supply reaches 16,000,000 AAVE coins.
A dive into Aave's price analysis reveals a competitive struggle between bulls and bears. The AAVE/USD price has established support at $87.00, encountering resistance at $95.50. The recent analysis indicates a 2.32% decrease over the past 24 hours, bringing the price down to $93.52 from its intraday peak of $95.34. This downturn suggests a bearish trend in the short term, aligning with broader market sentiments. The bears have successfully sustained their momentum, pushing AAVE down and establishing support at $87.00.
Amidst recent market volatility, Aave has faced its share of fluctuations, undergoing a significant price correction after reaching record highs this week. The correction resulted in a loss of over 4% in value over the past seven days. Such corrections are not unusual, as various cryptocurrencies experienced similar adjustments during this timeframe.
Despite the market's challenges, the Aave ecosystem continues to attract investors with its expanding community and lucrative opportunities. Aave's unique offerings, including lending, borrowing, and interest-earning on crypto assets without intermediaries, contribute to its appeal. However, like many DeFi projects, Aave remains susceptible to potential attacks by malicious actors exploiting vulnerabilities in the system. BITFINEX:AAVEUSD
AAVEUSDT trade hit our predictionAAVEUSDT trade declined according to our analysis 270%. NOW there is good possibility that Trade can go up 161% fib level. In long term analysis of trade looks promising and forecasting 7X growth. Keep one position in that area and keep holding until target hit.
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AAVE: Ranging in a Symmetrical TriangleAAVE just made a clean symmetrical triangle pattern on the daily chart. It can go either bullish or bearish (mostly bullish).
Bullish scenario targets are $500, $800, $1K.
Bearish scenario is less likely to happen as Elliott's Waves corrective pattern seems bullish. In this case scenario, the first firm support will be around $111.
AAVEPERP Short, -50%?AAVE has underperformed the last few months since the may crash. I think with the COVID news it's gonna struggle to keep support here and create new lows, especially with BTC being as fragile as is.
I'm only risking 1% of my portfolio here, 0,25% for first TP and 0,75% for the second TP.
Entry: $249,60
S/L: $265
TP1: $189 with 0,25% risk for 3,87R
TP2: $112 with 0,75% risk for 8,99R.
AAVE DAILY NEAR FUTURE PREDICTIONSTechnical Analysis Summary (POLKADOT)
AAVE/USDT
TREND ANALYSIS
We have 2 downtrend which is currently active in red.
The wider (weekly trend ) is stronger than the Daily trend.
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Yellow support level are levels from the past (more for explanation purposes rather than entry points) where we could have seen the laddering upward that was happening from the first daily level to second to third.
Good luck everyone, stay safe!
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ALERT AAVE BOTTOM IS IN BUY NOW????!!!aave
broke below the previous zone of support from earlier in the year
is now showing slight bullish bullish MACD on this recent lower low in price action
previous daily candle also rejected the previous zone to the downside
if price action can get back above this zone and the negative momentum begins to fall I will being to look to ride price action the upside level of $500
-BTC also needs to play fair in order for this to work
AAVE at critical support, great R/RAfter yesterday's dump, many coins are at support right now. Bitcoin's behaviour will determine a lot of things, and will decide whether alts go up or down. However, AAVE is offering a risk/reward of 4 here, which means we can be wrong up to 80% of the time to make a profit on this setup.
AAVE moving in a Symmetrical TriangleAAVE is moving in symmetrical triangle and since 25th March, after touching S2, it bounced back and is now moving in an upward trend.
What would be interesting to watch is if it continues to move in the same upward channel. So far EMA 25 is working as support. Looking at the trend there are couple of possible scenarios
Scenario 1 - AAVE to move in an upward channel. To do this, it will have to bounce from EMA 25 support, break upward symmetrical triangle Line (Blue) and break Resistance at 421(R1)
Scenario 2 (Black Path) - Bearish pressure to push AAVE down from the Blue line and then AAVE to bounce again from S1. In this scenario there is a potential that a double bottom is formed.
Scenario 3 (Dotted Black Path) - AAVE manages to break upward Resistance (Blue line), however is unable to break R1. In this case upward Blue line will now work as Support.
Scenario 4 (Orange path) - AAVE goes wild and decides to break all bottom Resistances S1, Symmetrical triangle bottom line (RED) and then bounce back from S2.
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Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
AAVE (AAVEPERP) – Short signal SHORT: 329 - 354
TARGETS:
1) 285
2) Trail stop – let it run
STOP: When a 4h candle closes above 399
Rationale:
-The 100 and 200 EMA have acted as strong support for the duration of the uptrend.
-More recently, price has been respecting two diagonal trendlines
-Price broke out of the upper trendline and retested the EMAs. The EMAs were unable to hold so price retested the trendline, however it rejected off the EMAs and fell through the trendline.
-Price is now hovering between the two diagonal trendlines, under the EMAs.
-Given the recent weakness, price is most likely to drop down and retest the trendline which corresponds to the area of the previous lows.
Your risk, your reward. This is not financial advice.
Happy trading.