Aaveusd
Aave (AAVE) - April 17Hello?
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We have to see if we can get support at 437.866003 and rise above 505.364160.
If you decline at 379.429759, you need a short stop loss.
If you go down at 300.459751, you need Stop Loss to preserve your profit and loss.
The next volatility period is around April 27th.
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(AAVEBTC 1D chart)
We have to see if we can get support at the 7167 Satoshi point and climb above the 7865 Satoshi point.
If you fall from the 6500 Satoshi point, you can touch the 5390 Satoshi point, so you need a Stop Loss to preserve profit and loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
#AAVE #DEFI - SWING LONG (Closed inside golden pocket) 32% Move#AAVEUSDT #DEFI
Daily Time Frame -
Set up - Falling Wedge Inside Golden pocket
Entry - $370.97
Stop loss - $336
Leverage - 10 x
Exit - Target 1 $441, Target 2 $493
ROI - 32% on spot
We can see on the Daily Time Frame, Aave Bulls have pushed to close inside the 0.38% Fib, while also retesting the falling wedge set up.
Aave should now attempt to push to the 0.618% Fib + Upper order block resistances.
There will be other resistances along the way up, but these are the main resistances we are targeting.
Once we reach the upper order block resistances, i will be looking for a flip into support before re entering longs if further upside is coming.
Aave haave potenialI would like to see another re-test of the $345 support, as you will observe, all lines in the structure have been tested 3 times with the exception of this support.
Usually third time is the charm, so if this holds, I expect price action to break the hypotenuse of the triangle.
If it doesn't hold, we buy the bottom resistance line, in which cases the targets change slightly.
Either way, look for buys in the buy-zone.
Then look to fill the rest of your bags on the re-test.
First price target is around $500. but the final target will be almost 60% higher than the current price.
What do you think of Aaves place in the lending / banking / yield farming arena?
Let me know in the comments.
AAVE/USD - potential 78% setupHello, Traders!
AAVE is exiting the active trading range of $298 - $418 and prepares to continue the market cycle.
Last time the flat movement lasted 55 days and resulted in 530% growth.
The current flat movement has lasted for 60 days, which gives us a trigger for action.
We can consider opening a position in the range of $382 - $418
Stop Loss might be placed under $324
Targets according to Fibonacci levels:
$450
$565
$638
$682
Good luck and watch out for the market.
P.S. This is an educational analysis that shouldn't be considered a financial advice
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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AAVE: 50% dump done, now a 75% pumpAAVE has been through a very long consolidation after being overextended in the last bull run.
The correction has proven to be healthy and created a huge triangle; where AAVE now is attempting to breakout for 70/75% pump!
And against BTC, given alt season pervails, there is a 125% gain to be made... (ill post the chart later) - so of course you could consider some defi gold like AAVE :)
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IMPORTANT
This is not financial advice, trade or invest based on your own risk and research.