AAVE Long idea. i believe that will happen. it is possible for this scenario to happen in most altcoins, if bitcoin does not fall below 68k, we are still in the bull. Good Luck. make money.
Aaveprice
#AAVE Drops 23% From February Highs, Token May retest $65Past Performance of AAVE
AAVE is bearish at spot rates, trading below a critical support line, now resistance. Currently, the token is down 23% from February highs and under pressure. Notably, buyers are yet to reject attempts lower. Instead, prices are inching lower, even riding the lower BB.
#AAVE Technical Analysis
The immediate resistance is at $76, coinciding with February lows. With the trend bearish in the short term and sellers resilient, traders may look to sell on every attempt higher towards $76. As it is, the first target will be $65, a critical reaction point of November 2022. This preview is valid, provided there is no sharp rally with rising volumes above $76. In that case, AAVE may rally towards $93 in resumption of the primary trend of December 2022 to February 2023. Still, it is worth noting that though prices are lower, accompanying trading volumes are relatively low. Moreover, the primary trend is bullish from a top-down preview as the current prices are bound roughly within the base of a broader bull flag.
What to Expect from #AAVE?
Traders are confident, but if AAVE slips further from resistance at $76, it could validate the bear breakout of early this month. In that case, the token could cool off, retracing from Q1 2023 highs to key reaction points in the short term.
Resistance level to watch out for: $76
Support level to watch out for: $65
Disclaimer: Opinions expressed are not investment advice. Do your research.
#AAVE Bounces from June 2022 Lows, Adding 19%Past Performance of AAVE
AAVE is bottoming up, per the formation in the daily chart, adding 19 percent. The token has posted gains for two straight days, suggesting strength. However, whether the uptrend continues depends on whether AAVE buyers will clear the immediate resistance levels, anchored from support at around $51.
#AAVE Technical Analysis
The token has support at $51 on the lower end and $67. The resistance line also marks the peak of December 2022. Presently, the AAVE bull bars are banding along the upper BB, suggesting interest from buyers. Besides, there are two strong bull bars that are wide-ranging with decent trading volumes above the middle BB. The former support, now resistance, marks an important level for AAVE. As long as the coin is above the middle BB and $55, AAVE could easily float to $67, an opportunity for optimistic bulls. However, it is after sharp gains above December highs is when traders can load the dips, targeting $98 or November high.
What to Expect from #AAVE?
AAVE traders are confident, but their confidence could only mean strength if bulls can soak in all attempts for lower lows. The immediate support is between $51 and $55.
Resistance level to watch out for: $67
Support level to watch out for: $51
Disclaimer: Opinions expressed are not investment advice. Do your research.
#AAVE Surges 130% from 2022 Lows, Prices May Retest $120Past Performance of Aave
Despite price stagnation yesterday, buyers remain in control. AAVE has more than doubled, rising from 2022 pits in the past two months. As of August 12, the token is roughly up 130 percent from June 2022 lows and capped within a rising channel. Per the formation in the daily chart, there could be entries on every retracement within the wide-ranging bull bar of August 10 that anchors the current price action.
#Aave Technical Analysis
The 11-day, $10 consolidation between July 29 and August 9 proved to be an accumulation following the eruption higher above the $110 resistance on August 10. While prices consolidated on August 11 in lower time frames, buyers are currently in control as per the formation in the daily chart. From volume analysis, AAVE is bullish above $90 and the middle BB. Any drop within the August 10 bar may offer an opportunity for aggressive buyers to buy. However, conservative traders may wait for prices to float to new H2 2022 highs above $115 to load the dips. The immediate target is at $120, a retest of Q1 2022 lows.
What to Expect from #AAVE?
Traders are confident, and AAVE could be in for even more gains ahead should prices break $115 in the next few trading sessions. At spot rates, support is marked at $90 and the middle BB.
Resistance level to watch out for: $115
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
