(Update) AAVE/USDT on the way to 400$Hi every one
AAVE / TETHERUS
AAVE/USDT has Managed to Break the Symmetrical triangle which It was In and Now the Road To 400$ is Inevitable. there should Be a Correction before It fully completes It's Bullish Movement.
Summery:
-AAVE has broken the Symmetrical Triangle
-AB=CD so It can Reach 400$ Easily
-a correction is Expected before the 400$ is reached.
Previous Analysis:
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Aaveusdt
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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AAVEUSDT After the Pullback Will Go Up
Welcome back Traders, Investors, and Community!
AAVEUSDT on H4 in the Bullish channel after the pullback will go up
⬆️Buy now or Buy at 336
⭕️SL @ 300
✅TP1 @ 386.17
✅TP2 @ 415.82
✅TP3 @ 479.48
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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 Looks like it will Burst to $370 Key CatalystsAAVE has some key catalysts in the beginning of August.
First the London Hard Fork will affect AAVE as EIP-1559 will make it cheaper to transact over ERC-20 protcols.
Second, AAVE has an institutional DeFi platform it is rolling out within the next couple of weeks called AAVE Arc:
Aave to launch institutional DeFi platform Aave Arc within weeks
"Aave Arc’s goal is to provide institutional investors who face stringent regulatory requirements with access to such DeFi protocols in a limited capacity. Arc will offer private pools of funds where only participants who pass know-your-customer procedures can enter, on both the lending and borrowing sides."
This is bullish for AAVE as they are seeking to comply with global regulatory concerns and it will most likely receive favorable treatment from regulators to support its use case thereby only increasing its adoption globally.
AAVE and COMP are 2 institutional DeFi darlings and will only grow back to ATHs and beyond as BTC re-enters full on bull mode.
AAVE is currently in a pennant pattern with the previous uptrend being bullish - initial price target is $370.
Please be aware if BTC invalidates, this will consolidate further.
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.
Uptrend expected after correctionClosing the last day with a red candle coincided with breaking the steep slope trend in 4h. As the result of this, I'm waiting for the price to drop to $65 to $70 zone. Any abnormal pin bar or bullish candlestick pattern in the buy zone will trigger my buy signal. Hereby, $248 will be the stop loss, and $320 and $332 will be my 1st and 2nd targets, respectively.
There is another possibility, the price crosses the $300 level without correction and stabilizes there. If it happened, I will update the idea.
The support and resistance levels and pivot points are drawn by the Trend Key Points indicator.
AAVE, Developments In Ascending-Channel, Important Zones!Hello,
Welcome to this analysis about AAVE, we are looking at the 6-hour timeframe perspectives. In my analysis, I found some interesting developments that AAVE is forming with recent bullish volatility coming up and moving to the upside after bouncing at the local support zone of 215. Besides that there is the main formation forming in which AAVE will develop further in the upcoming times and which will be the source of incoming volatilities. When considering AAVE it has the be noted that not every altcoin is building such increasing volatilities, there are also ones looking more flat or bearish while the volatility since the bounce in the structure looks solid, therefore I detected all the important levels and likely determinations we should consider with the coin.
Structural Developments:
As when looking at my chart we can watch there how AAVE has formed this major ascending-channel-formation in the structure marked with the black boundaries. Within this channel, AAVE has a coherent wave-count in which it already completed the waves A and B in the schedule and is now about to develop the main wave C to the upside in which it formed the first local wave A that recently marked above the 100-EMA in red and the 200-EMA in green which is a good sign for the continuation in this structure. Also has AAVE since moving above these important EMA-levels the ability to build a bull-flag, a bull-pennant, or a triangle-formation above these levels which inhabits the continuation pattern for the further wave-development.
Upcoming Determinations:
Taking all these factors into the consideration now AAVE has established a great structure with great volatility and is likely to continue with the wave-count in the determined ascending-channel, for now entering on the long-side should not be the best option as AAVE already increased substantially with bullish pace however there is the potential for a short when AAVE moves into the upper-wave-count-determination-zone marked in my chart in the blue level and the black box within this level, however, this zone is simultaneously resistance. In that case, everything depends on how AAVE approaches this zone of target and resistance, if it is strong or if it is weak, both developments can give indications for further movements.
In this manner, thank you for watching my analysis about AAVE and the main ascending-channel-developments forming with incoming perspectives, great when you support it with a like and follow or comment for more market insight!
Information provided is only educational and should not be used to take action in the market.
AAVEUSDT showing a nice inc. H&S pattern on the dailyAAVEUSDT showing a nice inc. H&S pattern on the daily,
We broke through the neckline, I expect some resistance at 320, to retest the inv. H&S neckline,
then a possible target to the upside as indicated on my charts.
Trade safe, no fin.adv., just for training purpose.
AAVEUSDT 4H HEIKIN ASHI ASCENDING TRIANGLEBINANCE: AAVEUSDT 4H HEIKIN ASHI (keep in mind that the text was made yesterday but forgot to post here as well)
Like many Alts, AAVE has had a hard time since May 18 with Beren who have been able to give the price a big blow.
They have managed to bring the price down to about -75% until the last week of June.
Since then, the Bulls have shown a bit of their own again and have so far been able to bring the price up 65% since the last week of June. The price seems to be forming an Ascending Triangle, perhaps a little early to say that, but I see a clear resistance line at the bottom of the triangle. The moving average lines (EMA lines) also fall nicely within the pattern and it would be a great opportunity for the Bulls to rise above this. However, I would like to see the price break above the resistance of around USD 396 to ensure that the bulls want to continue.
On the 4H we zoom in on the whole where a falling wedge with a fake out is visible and where the bulls have been climbing since Wednesday. Take into account any breathing space that might come.
Also keep an eye on BTC as we have already seen that it can have a significant impact on the price of the Alts.
(Disclaimer: this is not financial advice)
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 !
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
AAVEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is reaching its resistance. In case of failure and stabilization, we can enter the trade for the above goals. If we see weakness in the process, we can see another fall to the bottom of the channel. Activate your stop loss.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!