Aave AAVEUSDT - Impulse Elliott wave + ALL TIME HIGH soon!- Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets.
- Current rank 27 on coinmarketcap + Volume 24h $651,835,502.
- This is my Elliott wave count - we are currently in the Impulse wave to the upside!
- Next target is 0.618 trend-based fib extension for fifth wave.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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Aaveusd
AAVE Breaks Multi Month Resistance, Is More Upside Coming?-AAVE has risen over 25% the last week
-Price has finally cleared multi month resistance
-Bulls are firmly holding the 100MA
AAVE has finally shown some strength after months of being stuck below the $350 resistance. The overall cryptocurrency market seemed to push higher after news that the scheduled “London” upgrade occurred on the Ethereum blockchain. AAVE is one of the top DeFi coins and has experienced mind blowing gains over the last two years. One can only imagine a similar story to occur once steam is gained throughout the market.
Over the last 6 weeks, AAVE has continuously printed higher lows and higher highs. This is the type of evidence needed for us to assume AAVE has entered some type of bull trend after months of downtrending. At the time of writing, price has kissed the top trend line of a near 2 month large-scale ascending channel. This has rejected price two other times and may continue to be the case. For AAVE to fully clear this trend, price must break & hold the major resistance zone found at $374-$384.
Just over 12 hours ago, AAVE wicked to its minor support of $344. We can now safely assume this is a short term floor for bulls. In the likely event of a rejection at the top trend of the channel, we can expect prices to sweep back to this value. Below this mark lies the 100MA & a major support zone ranging from $297-$322. The 100MA has been holding prices for over 2 weeks now. Breaking below this mark will trigger a short term downtrend.
While looking at the relative strength index, we can see how strength just blasted out of a 2 week bull flag. This allowed price to reach a multi month high. Since the RSI is now overbought, we should expect a pull back soon. The MACD just bounced off the 0 value, refusing to drop into bearish territory. The histogram is now ticking down & a bearish cross on the MA’s will land AAVE back to its minor support.
AAVE Intraday Analysis
Spot rate: $369.87
Trend: Bullish
Volatility: High
Support: $344.58
Resistance: $374.19
💡Don't miss the great buy opportunity in AAVEUSD @AaveAave
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (336.03).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 386.17
TP2= @ 415.82
TP3= @ 479.48
TP4= @ 534.93
TP5= @ 661.20
SL= Break below S2
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AAVE- Outperforming most DEFIsDemand for Aave has boomed dramatically in the previous days as traders assessed its involvement in Bitwise Investment’s upcoming institutionally focused investment vehicle.
The San Francisco-based asset management firm announced Wednesday that it would invest directly in Aave to back its “Bitwise Aave Fund,” a fund created to build a bridge between accredited investors and the emerging decentralized finance (DeFi) sector.
The latest bout of uptrend pushed Aave’s year-to-date gains a little over 320%, asserting its growth in the emerging DeFi sector. In detail, Aave enables users to earn interest rates on deposits and borrow assets with a stable or variable interest rate option.
Also, Bitwise Launches Crypto Funds for Aave and Uniswap. The $1 billion digital assets manager said Wall Street-type clients are demanding more exposure to DeFi's biggest names.
For us here at FXPROFESSOR, AAVE 🇬🇧 is DEFInitely a BUY
One Love,
the FXPROFESSOR
AAVE - Trade SetupTHis one is a trade setup.
See the first resistance area? that's the main key. if the prices manage to cross that line and close a 4H candle above it, you can open your long positions and take profits on the higher resistance lines. Be very careful with your long positions and don't get greedy.
You can also do some scalping, using the support areas but watch out for dynamic resistance ares (Look for Bollinger bands).
I'll keep this chart updated.
Current Market Price: $306.79
Good Luck
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AAVE Breaks & Retests 2 Month Bear Trend-AAVE revives nearly 40% off the low set this week
-Price has just broken & retested 2 month bear trend
-400 MA is holding as support
AAVE has held fairly well over the last few months compared to other DeFi coins in its class. AAVE offers a very useful technology to the crypto space and more importantly an effective decentralized finance product. This technology put simply; lending and borrowing of crypto along with interest gained by being a lender. This technology really has taken off the last year as AAVE had one of the highest percentage gain bull runs throughout the last year. It seems that AAVE is setting itself up for another strong bull trend.
Over the last couple months, prices have been consolidating hard awaiting the next move from the market. There is a large pennant formation that can be seen using the two trend lines on the chart. Just over the past few days, bulls have succeeded in a bullish breakout as prices are now attempting to confirm this trend as support. Along with this trend lies a very important resistance zone from $297-$322. Bulls must fully break & hold this zone for AAVE to be in position to hit the two targets shown.
If bears step in with vengeance, AAVE will likely drop below the top trend of this pennant and fall back to minor support of $268. At the time of writing, AAVE is trading above its 400MA. Breaking below this mark will likely confirm a slight bear trend will take place. If support of $268 fails to hold, AAVE will likely drop down to its major support of $247. Anything below this mark will be a very bearish scenario.
While looking at the RSI, we can see strength had a rally to the overbought territory. Since then, strength has been slowly consolidating back down. The RSI must stay over the 50 value to continue in a bullish trend. The MACD is signaling a slight bearish bias as it seems to be heading back to the 0 line. If the MACD breaks back into bearish territory, it’s possible AAVE revisits the lower supports that are shown.
AAVE intraday levels
Spot rate: $296
Trend: Neutral
Volatility: Medium
Support: $268
Resistance: $297
AAVE: Bull Flag and Trendline Break PT1 370 PT3 486AAVE has been printing a smallish bull flag as of late and is breaking out currently with a daily dragonfly doji candle close. These two facets are pretty bullish when all things considered knowing that ETH has London HardFork coming up on Aug 4th and now we know Elon Musk personally owns Ethereum in addition to Bitcoin and a much smaller DOGE position.
We could be in the midst of a 3rd wave up from an Elliot Wave perspective on a minor count - 3rd waves are typically the strongest impulse wave. If this is the case look for a price target near $486 the 1.618 Fib extension.
Thematically, I am more bullish on DeFi than almost anything else as an industry atm as this is really the institutional first big foray outside of BTC. AAVE also doesn't have the drawbacks associated with regulatory concern such as synthetic minting of assets like other projects such as LUNA (a project I like but needs more clarity from regulators before I'm more bullish on it).
AAVE should be priced on par with COMP but is at a discount and will likely trade at par in the not so distant future. Look for this to have some decent upside in the coming days.
AAVEUSDT IN THE NEAR FUTURE!Hi every one
AAVE / TETHERUS
AAVE/USDT is trying to form a symmetrical triangle. As long as the price remains in this pattern and the break out doesn't happen we can't be sure weather AAVE is going up or down. If the price breaks this pattern downward, AAVE can fall to 170 or even 150!on the other hand if the upward break out happens the price can increase to 400 !
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Have a nice day and Good luck
AAVEUSDT D2: 550% GAINS BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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AAVEUSDT D2: 550% GAINS BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: AAVEUSDT 2days//candle chart review
::: speculative reversal setup
::: DO YOUR OWN DUE DILL
::: use a fixed stop loss as well
::: however correction mode NOW
::: few weeks so for now recommend
::: to stay out of this market
::: recommend to focus on buying low
::: I don't think that we are ready to MOON yet
::: reload BULLS near 150/160 later August 2021
::: best trades near point D for the BULLS
::: it's a strong prior bull market so can
::: so expecting at least one final PUMP
::: BULLS get ready to BUY after pullback
::: TP bulls is 550% gains
::: TP BULLS +250%/+550% gains max
::: patience required next few weeks
::: BEST reload BULLS is 150/160 USD
::: as we are getting ready for a move now
::: final TP BULLS is +250%/+550% gains max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/BUY PULLBACK
::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Aave (AAVE) - July 17Hello?
Welcome, traders.
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Have a good day.
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(AAVEUSD 1W Chart)
If the price is maintained above the 206.817161-300.459751 range, we expect the uptrend to continue.
(1D chart)
If the price is maintained in the 210.779774-315.356387 range, it is expected to turn into an uptrend.
The price should remain in the 315.356387-419.933 zone to continue the uptrend.
If it goes down, you should see support at the 158.491471-210.779774 zone.
-------------------------------------
(AAVEBTC 1W chart)
If the price is maintained above the 0.006650-0.007865 range, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 0.007364-0.009798, it is expected that the uptrend will continue.
However, the 0.009798-0.011016 section is a section that determines the direction, and I think that the upward trend can be accelerated when it rises above the 0.011016 point.
If it falls from the 0.007364 point, you need a Stop Loss to preserve your profit.
However, you should be prepared for this as it may touch the uptrend line and near the 0.006650 point and move higher.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
AAVE 1D The price is close for a tasty purchase in longWe haven't updated the idea for AAVE for half a year
Those interested can see a series of ideas on AAVEUSDT in our profile, where we described in some detail the project and our thoughts on possible future price movements.
If you look at the current AAVEUSDT chart, you can see that over the past 10 days, buyers have become more active and were able to raise the price by x2 . After that, the price hit a strong mirror level of $340 , which previously cleverly coped with the role of support.
Now the local correction of the AAVE price has begun, during which we will see how strong the buyers are.
If this correction ends around $250 , then the assumptions that there are a lot of buyers, and they are serious about driving the price of AAVEUSD higher to the next mark in the area of $500 , according to the white scenario, will be confirmed.
If sellers push the AAVE price below $250 , then the next zone where buyers should activate is in the region of $190-210 . And after a while, you can safely wait for the development of growth in the blue scenario , the upper global goal of which is in the region of $800-860
_______________________________
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AAVE LONG TREND UPDATEHello trading friends,
This is a small update for AAVE
AAVE Shows a great trend for green. and possible that we can see some increase trends coming time.
Manage always your risk, and check the trend on 2 sides.
Trend expecting coming time 314 USD, and for the breakdown trend, we did add the red coffee time icon
.
there is not always a reason to enter the markets always directly Manage first the risk
Have a great coffee time!
like/follow for more content - Thank you
Aave suggests continuationAave has halved in price since it’s high.
But the recent low which almost caused RSI to bottom, marks a great increase from launch price.
Interesting hidden continuation divergence (so I share with you) plus interesting to see bounced off the 23 fib.
What’s your view on Aave?