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Aaveusdt

AAVE/USDT breaking out of the accumulation phase on the daily tfAAVE just broke out of the accumulation phase on the daily time frame, according to the Wyckoff accumulation pattern. Flipped the previous resistance into support ... I believe the expansion phase will be strong First target : 580 usd, then we will be heading into price discovery ! Enjoy the ride The content covered in this publication is NOT to be considered as investment advice. Thank you all, If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section. Have a Good day and Safe trade Butterfly .D /Metamorphose your portfolio/
Long
by Taidotrading
2
AAVE Breaks 3 Month Trend As Price Eyes New High-AAVE has been consolidating for nearly a month -Price broke out of major resistance -Bullish inverse head & shoulders pattern AAVE has been in a sideways slumber the last 3 months with very little price movement. The bulls have managed to break out of this trading range as Ethereum continues to make all time highs. After rising nearly 600% in 2021, the consolation was much needed. AAVE breaking and holding the important S/R zone of $428 has set the price free for a potential breach of ATH. The price has also managed to break a three month top trend line that has been keeping the price printing lower highs. If AAVE continues to hold these two important levels we can expect prices to reach $525+. AAVE has printed an inverse head and shoulders pattern on the daily chart. This chart has broke the neckline of $428. If AAVE cannot continue to hold his neckline, price is in danger of falling to the 100MA. If this level fails to hold, the support range can relied upon to produce a bounce. While looking at the RSI, we can conclude the strength was stuck under a resistance line of around 62. The strength managed to break this key level and is attempting to hold it. This is a bullish signal for the AAVE price. The Stochastic RSI has risen to overbought levels, as long as this strength stays above the overbought line, AAVE is in a good bullish state for a try at ATH. AAVE intraday levels Spot rate: $500

 Trend: Bullish

 Volatility: High

 Support: $466
 Resistance: $523
by CoinGape
aaveaave. My thoughts: bottom, middle, top orange lines represent muh range middle pink lines represent areas where we may bump head ascending yellow area shows me that people that are selling are willing to wait for higher prices and they arent necessarily crushing the price down. I believe we bump our head on pink, head to mid range (middle orange) and start working our way up... besides previous ATH being a likely spot to bump its head it adds confluence to a potential cup and handle formation (if you like patterns). A small rejection and then price discovery. not financial advice
Long
by RozeRoze