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Aavepriceanalysis

AAVE - 4h. The price has not yet passed the minefieldWe do not know what is more frightening for market participants at the moment - the past panic wave of the fall or the very passive recovery of the cryptocurrency market . Indeed, if we look at the charts of most coins, we see that an attempt to start a new wave of growth looks very dubious. Low trading volumes and a strong decline in volatility give the impression that coins will never recover their previous price level. If we look at the chart of the AAVE coin, we can see that a new wave of growth in the market began on May 29. The main reason is the complete exhaustion of sellers. The rise in the price without volumes to the range of $400-430 begins to hint that at least a local correction awaits the market with the target of $355 . At this mark, there is a local upward trend line, which separates the AAVE price from a fall to $300-311 . It is in this range that buyers are very interested, starting from February 23: On the daily timeframe, it is noticeable that this range has already withstood the sellers' attack three times. A powerful wave of the fall on May 19 was able to break through this range, triggering the triggering of a large number of stop orders. However, buyers managed to take control of this range. We would recommend buying this token either in the range of $300-311 , or after fixing above $400-430 . The point is that low trading volumes after such impulse movements do not always mean that buyers are weak. We have already witnessed new growth impulses emerging on low volumes and sluggish candlesticks. The problem with this situation is that it is unclear why the volumes are low - either because of the weakness of the sellers and the fear of buyers who are waiting for the moment, or because the sellers are simply waiting for the necessary mark to start a new attack. Therefore, in such situations, one should not rush to enter a position and wait for an increase in volumes. Our subjective thought is that the cryptocurrency market has not yet made a sufficient correction after a powerful wave of decline. Of course, continued growth may not look as aggressive as it did before May. However, we expect a local market recovery. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
25
AAVE | May - June surveysApparently the price returns to touch the VMA after having made a triple low above $ 300. What will happen now? Will the movement be strong enough to end the month hitting $ 400 again? We come from a sustained (and consolidated) correction movement that has been taking place since around the beginning of March and that in some way is a good consolidation zone... On the other hand: it may just correct that downward movement that we have brought since February. The odds are there. Who knows? At stake are the approximate marked lines. Thanks.
BINANCE:AAVEUSD
by harribatu
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. If you like my analysis then do drop a LIKE and a COMMENT. Also share it with your friends. Dont forget to click on FOLLOW button to get daily analysis of different crypto currencies. Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
by Manjyot
$AAVE Price Target $922 -Bullish Move to New All-Time-High SOON!This chart says it all. On the daily ichimocku, we were supported at the kijun line (red line) on the 4 hour ichimoku, we are officially breaking back out above the cloud and primed to make new all time highs. The cloud has also flipped green and is now bullish in almost every single way. I am currently going to be adding my posityon and if we break back down, I will be cautious and set a stop. In the meantime, this is a high probability trade and my next Major target is $922. The other red lines are take profit zones 1 & 2.
BINANCE:AAVEUSDLong
by RookInvesting
3