AAVEUSD (Waiting for the broadening wedge Breakout)#AAVEUSDT ( 4H chart) Technical Analysis Update
Waiting for the Broadening Wedge Breakout
AAVE/USDT currently trading at $141.5
Long Entry-level: Above $147 (only enter long after 4 h candle closes above the resistance level at $147)
STOP LOSS: I will update once I see the breakout
Target 1: $165
Target 2: $180
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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Aaveusd
AAVEUSDT - Potential breakdown 🔽AAVEUSDT is testing the major ascending channel resistance as shown in my previous analysis .
RSI is printing a bearish divergence signal.
Price action printed a rising wedge pattern and price brokedown below the wedge support.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle support.
Target 🎯 - Support levels.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
$AAVE - Looking to longHello everyone!
I'm thinking that DeFi impulse is yet to come and we will see higher highs of DeFi tokens.
Starting with Aave, I don't think that there is a double top pattern on AAVEUSD as the right top is higher than the left one, so it rather makes a wedge.
Nevertheless, the impulse looks stronger that the previous and the dynamic support may be broken, the first static support to watch would be 80.339
The most important is at 71, below which will confirm the double top but for now I'm thinking of longing Aave.
AAVEUSD (Waiting for the Resistance Zone Breakout)#AAVEUSD Technical Analysis Update
Waiting for the Resistance zone Breakout in 4h chart
AAVE/USD currently trading at $89.60
LONG ENTRY: Above $100 (Only enter long if 4 h candle close above $100)
STOP LOSS: I will update once I see the Breakout
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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AAVEUSDT - Possible price actions AAVEUSDT is printing an ascending channel on the 30M timeframe.
Price is testing the ascending channel support.
Price action is printing a descending triangle pattern.
Bullish ⬆️ - breakout above the descending triangle resistance + previous swing high.
Bearish ⬇️ - breakdown below the descending triangle support + ascending channel support.
AAVE 1D Globally, the cost can be highily reducedWe tried to schematically combine two charts: the old LEND and the new AAVE.
For more details on what has happened in the project over the past months , read the previous ideas accordingly.
It looks like a "Double Top" reversal pattern may form globally. But before its final formation, many conditions and time still need to be fulfilled, so everything is in order.
At the moment, the critical level is $75 . If buyers fail to protect it, sellers will begin to push down significantly more.
The intermediate level of the fall stop can be $63-64.
A rebound is possible from there.
However, buyers should really turn on all the strengths to protect the level $49-50.
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AAVE-2h. Sellers are trying to test $73.One of the strongest coins in terms of active price growth could not keep above $90.
The last wave of growth on December 5 was not as dangerous fast as $AAVE can do.
The price need correction. The local point is $80 , but a good liquidity zone is near $73 .
If sellers start to fall sharply on large volumes, it will indicate a protracted correction to $59.
However, we will not run far ahead)
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