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Aavetrading

AAVEUSD: Mania phase started and targets $2,500AAVE is heavily overbought on its 1D technical outlook (RSI = 82.361, MACD = 36.650, ADX = 44.549) but during Bull Cycles, this accelerates the exponential growth of rallies instead of being a bearish signal for a correction. The current rally has already reached the 0.786 Fibonacci level and based on the Bull Cycle 2020-21, it should not stop here but instead extend above the ATH. Our long term target is the 1.5 Fibonacci extension (TP = 2,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AAVEUSDLong
by InvestingScope
3
📈 AAVE Trade Analysis 🔄💼Trade Overview: AAVE seems to have established a range low after filling the Fair Value Gap (FVG) and forming a triple bottom pattern, suggesting a potential bullish reversal. Monitoring for a final sweep to fill 50% of the wick or a Market Structure Shift (MSS) can help confirm the trade setup. Trade Strategy: Entry: Consider entering a trade between $75 to $85, capitalizing on the range low and potential reversal pattern. Take Profit: Set take profit targets around $120 and $160, aiming for gains within these levels. Stop Loss: Place the stop loss at a daily close below $70 to manage risk effectively. 📊🔍 Stay attentive to AAVE's price action for trade validation and adjustments! #AAVETrading #CryptoAnalysis 🌐🔒
Long
by Richtv_official