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Aaveusdt

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.
Long
by FinanceGoku
AAVEUSDT (AAVE) - BUY ENTRY ANALYSIS 🔎 - AAVEUSDT was bounded in the descending triangle (DT) pattern. - Price brokeout above the descending triangle's inclined resistance. - This is a bullish signal. - The market hit a swing high and retraced. - Price is retesting the descending triangle's inclined resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). -There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance ( DTR ). - A breakout above this descending trendline resistance could be a bullish signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance. - Aggressive entry : current market price. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
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
FTX:AAVEUSDLong
by UnknownUnicorn10064030
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. If you like my analysis then do drop a LIKE and a COMMENT. Also share it with your friends. Dont forget to click on FOLLOW button to get daily analysis of different crypto currencies. Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
by Manjyot