Aave AAVEUSDT - Elliott wave + Parallel channel- This is my Elliott Wave count. If you know about better EW count, let me know in the comment section
- I am expecting higher prices in the immediate short term
- Also the price is currently in this parallel channel + forming tripple TOP formation, great for breakouts to the upside
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Aaveusd
AAVE / USDT retest the ascending traingle Aave / usdt
🌟 Techincal analysis 🌟
After broke the ascending traingle pattern and retest the upperline .....
it did a good bounce on 4 h frame
If the support level /previous resistance (upper horizontal line of the traingle) hold
We can expect it to reach next targets in fibonacci soon
Good luck and happy trading 🌹
AAVE is flying. AAVEUSDAnd might go higher. Again, similar picture to what we had with the likes of SNX and BZRX, but this image is much, much stronger. I have a real feeling that this one is going to be one of the highest flyers of Q4 2020. And the picture confirms this. Confirmed pivot a while ago (blue line), I am tracing Fib Goals in green. Let's roll this thing.
Some preliminary targets are painted in in green, and invalidation in red as always. Good luck, traders - and remember nothing I ever say is financial advice. Do your own work and make up your own mind.
AAVE.USDT (Y20.P4.E2).Good entryHi,
Reasons for a good entry, a bit late but should be good.
Note the following points:
> fib level and support line, gets 2 touches on the 1 Hrly.
> EMA ribbon (50/100)
> Trend is upwards, from the 13th to now, HH, HL,
> BTC likely to have a ranging price, which is when ALTs start moving.
> Harmonic ( shark) setup
Note where to place your stop loss, chart below from a different perspective
Good luck,
S.SAri.
AAVE.USDT (Y20.P4.E1).StalkingHi All,
I did not see this earlier otherwise it would have been a great opportunity.
AAVE is on FTX and Binance and a few other exchanges.
Its one of the recent great performers, and in the past, it was called LEND which performed well as part of the defi sweat.
On the small time frame, we have a trend, using the 1 hrly chart along with the EMA.
Now we are looking for the continuation of the uptrend so we need a higher high.
If we get this, then its an opportunity to jump in.
Additionally if it slips past the point as per my chart, we can assume BTC also is breaking a key level. Hence short opportunity is there.
All the best,
S.SAri
How to trade this?
✳️AAVE/USDT (3/11) #AAVE $AAVE #AAVEUSDTAAVE is heading to the 25-26$ zone and this is a worthy buying area. The upside target will be the 37-38$ zone over the next few days and beyond at 47-48$.
However, if AAVE loses the 25$ zone, it will head to the 20$ zone.
📈BUY- LONG Strategy
- Buy close to 25-26$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 37-38$. Stoploss if A
- Sell: 47-48$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 25-26$. Stoploss if A
- Buy : 19.5-20.5$. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Aave AAVEUSDT - Channel + more downside- Aave is not looking good right now
- We can potentially see a bounce from a double bottom pattern
- The trendline is broken, which is overall always a bad sign
- You can profit by this drop by using Crypto futures market
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LEND.USDT (Y20.P4.E3).Macro.Bullish short termHi All,
Note: Another chart continuing off from the previous post, link supplied below.
Also note, log disabled on the chart.
As per the chart, another LIVERMORE cycle completed and I have scenario 1 more likely at this point than scenario 2 with a daily hidden bullish divergence.
Note how the RSI supports scenario 2 so far.
We also have BTC dominance dropping while the ALTs keep driving up.
Please give me a like or tick for this post.
Cheers,
S.SAri.
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12 HRLY chart
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LEND / BTC pairing
12 HRLY chart
DAILY Chart
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PREVIOUS POST
This has been my canary in a coal mine I called this back in january. 100x move. i want to just study where this ends also what happens on retrace so I can better assess the other cryptos similar in timing
Aave Technical Analysis: LEND plummets 20% in 24 hours
Aave reacts to a bear flag, extending the lower leg to refresh support at $5.50.
LEND/USD is mainly in the bulls' hands, but a reversal is anticipated at $5.00.
The cryptocurrency market is deeply in the red following the initial declines recorded in September's first week. Recovery has not been forthcoming both for the small coins and the large coins by market capitalization. For instance, Bitcoin dived to support at $9,800, but its recovery steam keeps losing momentum before hitting $11,000. Similarly, the smart contracts giant token, Ethereum, has not risen past the critical resistance at $400.
DeFi projects like Aave are performing worse than the major coins. In the last 24 hours, LEND has lost over 20%. At the time of writing, the token is seeking support at $0.55. The losses come after Aave reacted to a bear flag pattern, as illustrated in the 4-hour range.
Flag patterns are used in technical analysis to signal the continuation of the previous trend. For example, LEND succumbed to the bearish pressure in the first week of September. The token was forced to seek support above $0.40. A recovery ensued with a bear flag pattern that eventually broke down, paving the way to continue the bearish trend.
In the meantime, technical levels highlight that Aave is not down with the downside. The ongoing declines have potential aiming for support at $0.50 and $0.40, respectively.
Consequently, if support at $5.00 holds the fort, there a chance that Aave would resume the uptrend. The notion for recovery is brought to light by the golden cross formed like the 50 Simple Moving Average (SMA) crossed above the 100 SMA. In other words, there is some buying pressure in the market, perhaps not enough to cause an immediate reversal.
LEND Intraday Levels
Spot rate: $0.57
Percentage change: -3.86
Relative change: -0.021
Trend: Bearish
Volatility: Expanding
LEND/USD continues the DeFi craze hitting $1 billion
Aave is the second protocol to hit $1 billion in total locked value after Maker Dao.
LEND/USD technical picture starts to deteriorate following a barrier at $0.65.
The decentralized finance commonly referred to as DeFi continues to hit new highs as if it’s a rocket heading to the red planet, Mars. Aave, a DeFi project is among the biggest gainers in both the value of the token and the total value of the funds locked in 2020. On crossing the massive $1 billion milestone, Aave has also seen significant growth in the price of LEND, the protocol’s official token. LEND is up 18% in the last 24 hours and trading at $0.6053.
The remarkable performance also comes after the Network announced version two of its protocol bring on board a host of new features such as native under collateralized loans/credit delegation, debt trading and better borrowing rates.
Aave has become the second DeFi protocol to hit $1 billion in the total value locked following MakerDAO. At the moment, around $6 billion of cryptoassets are locked in DeFI as per data provided by DeFi Pulse.
Aave, as aforementioned, is trading at $0.6053. It has retreated from a weekly high at $0.6654 (as shown on Binance). The technical picture appears to be deteriorating fast as observed with a sharp drop in the level of the RSI. Similarly, the MACD is highlighting the bearish case by extending the negative divergence. If support at $0.60 fails to hold, LEND could easily plunge to test support at the ascending trendline. Extended declines would seek refuge at $0.55, the 50 SMA at $0.5196, the 100 SMA at $0.45 as well as $0.35.
LEND Intraday Levels
Spot rate: $0.6053
Relative change: -0.035
Percentage change: -5.38%
Trend: Bearish
Volatility: Expanding
LEND/BTC is in a BULLISH BOWL!LEND/BTC is in a BULLISH BOWL!
Watch for a possible handle before the breakout!
Trade safe my friends...
BINANCE:LENDBTC
LEND.USDT (Y20.P3.E1).Ready for another big moveHi All,
I have not traded with LEND since I missed it the first time, however I feel this is another opportunity.
Really its 51/49% move as its very symmertical in the approach.
What's going for LEND is the following:
> Strong uptrend up till now;
> Current structure doesn't look like the traditional reversals, more so like BTC before it broke up (Crocodile formation);
> Smaller time-frame (charts below) shows that the pressure is upwards based on the CPR levels;
> Many of the DeFi ALTS have been consolidating, re-accumulating for the next stage up (I believe).
> The 2 Day chart below shows bullish candles to the upside. Weekly chart the same.
> 4 HRLY chart > indicator looks like a squeeze happening like others, before the made a move up.
What's your opinion?
Please give me a like or tick for this post
Regards,
S.Sari
4 HRLY chart
2 Day chart
Weekly chart
Some news:
Aave Revamps LEND Token Economics: Adds Staking, Liquidity Mining
Aave is overhauling its token economics by adding liquidity mining and staking to its protocol. The change is aimed at helping LEND holders capture more of the protocol’s growth.
A few minutes later
LEND (AAVE)/USDT - breakthrough points (WATCH OUT!)Hello, Traders!
As a cryptocurrency trader seeing this chart and not being a part of AAVEs growth can be frustrating.
LEND is currently up 1700% since the start of the year, seeing the cryptocurrency at similar prices as the 2018 bull run. Although will this huge growth continue? Or is LEND showing signs of a slowdown? LEND has recently broken its upwards trend and is in the process of its retracement. As shown below LEND is attempting to break above the 0.236 level having found significant support at the 0.382 Fibonacci retracements.
LENDs attempt to break the 0.236 is currently supported by the SAR and BBs. The SAR has given LEND positive momentum, with the SAR line below the price. It also has a fair bit of distance between the line and the candlesticks, cementing that bullish momentum for the time being. Alongside this, it appears as though the BBs center 20 days MA has provided support for LEND.
However worryingly LEND has found support with the lower BB and has not made a significant break above the 20 days MA. If LEND can break further above the 0.236 and use the upper band as resistance – this would be bullish. However, currently LEND is at a crucial stage when concerning the BBs.
In conclusion, LEND is at a crucial point in terms of resistance levels. If LEND can break the 0.236 then the bullish movement will continue. If this occurred it would also turn the neutral indicators bullish. However, if this cannot be broken, expect a downtrend to begin for LEND. The first bearish target for LEND is $0.27 USD, a 10% decrease in price from our current position. The first bullish target is $0.34 USD, a 10% increase from our current position.
Good luck and watch out for the market!
P.S. Where AAVE is heading in your opinion?
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