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Aaveusdt

AAVE 50$ price level stands as strong support. Will it break it?If you look on the chart, 50$ price level stands so far as strong support. And its been 5 times, #AAVE bounced from this level. In this Technical Analysis I want write more about possible short term moves. You can see orange line that is Support right now. To open a short position, I would wait the coin to close with 1H - 4H candle (with body) on this line or below it. In this case the coin can drop back to 50$ or even lower. Long position I would open If i see 4H candle close above the resistance line 56.75$ in this case the coin can bounce to other levels above (red lines) that you can see on the chart. How intense that move will be - currently hard to say. Because we are in Bear market right now. But, some news or Market Makers if they want they will push the price higher. Thats why manage your risks and put SL to BE always
by vazitrades
2
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis: Trade setup : Bullish breakout from Channel Down pattern. Price is now retesting that breakout but if successful, it could revisit $65 resistance (upside potential). Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
Long
by altFINS
2
Brief Analysis——AAVEBTC fell yesterday and returned to the price before the pump. Affected by SEC, many tokens have experienced decline. The energy of Grayscale's victory was exhausted. Today's brief analysis will continue to review tokens that have been analyzed in the past. We chose NEAR and AAVE today. As we expected, AAVE fell further after our last brief analysis. During the rebound in early August, the performance of the bulls was weak, and the price quickly came to the lows in June. After the last round of decline, the bulls still have not strengthened, and the trading volume is almost half that of the previous two weeks. The nearly half-month rebound only covered the long red candle of Aug.17. The same as NEAR, when the entire market begins to rise, it is difficult for AAVE's bulls to strengthen (the slope of the green arrow is flat), but when the entire market begins to decline, the bears of NEAR was stronger than most tokens. On Wednesday, the bears' attack started again, and the price quickly approached 55, which is a support level. Conclusion: The high probability decline has not ended. Although AAVE remains neutral on a large scale, you can clearly see the gap between bears and bulls from the chart. The bulls may strengthen after price approaches 55, but a reversal is unlikely. We set new resistance level at 60 and support level at 50. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
3
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis: Trade setup : Bullish breakout from Channel Down pattern. Price could revisit $65 resistance. Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
Long
by altFINS
AAVE/USDT is Likely Ready for Another Correction | AAVE Analysis💎Paradisers, let's focus on AAVE/USDT for a moment. It's currently navigating within a descending channel, and gearing up for a potential downward breakout soon. 💎If the breakout materializes as anticipated, it's likely to set off a rapid corrective phase. 💎 The dual confirmed order blocks on the shorter timeframe are worth noting. These are likely targets for the price, given the existing liquidity in those areas. 💎In past action, we observed a shift from demand to supply, leading to a notable decline in price and aiming for the prior Order Block (OB). 💎As always in the fast-paced crypto world, staying alert and adaptable is crucial. Keep your charts updated and stay tuned for more insights! 🌴
Short
by MyCryptoParadise_Simon
AAVE/USDT possible next move? 👀 🚀 Aave Today Analysis Paradisers, cast your eyes on #AAVEUSDT! It's positioning itself for a potential shift, presenting us with a couple of intriguing scenarios. 👀 💎Recently, AAVEUSDT encountered a setback at OB-1, initiating an upward trajectory. However, with a slight loss in momentum, it's anticipated to revisit OB-1. Should it not maintain its stance at this level, expect an upward continuation from OB-2. 💎 Diving deeper into its movement, we've identified a transition from demand to supply. This led to a significant downward thrust. After securing liquidity below, the price is poised to resume its ascent, aiming to address the bearish OB. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
AAVE/USDT is about to Get its Wings Back | AAVE/USDT Analysis 💎 Currently, AAVE has emerged from its wedge pattern. Notably, the POC of VRVP is serving as foundational support, and we've witnessed a retest of this level. 💎 It's also worth noting that the price is navigating beneath the 50 EMA. If this trajectory persists, our TP1 could be reached soon. 💎 On the flip side, should the price revisit the support owing to market unpredictability, there's potential for consolidation. Heightened sell-offs could then challenge the bullish trend. 💎 Stay updated with a precise analysis of your assets and enjoy your journey with #MyCryptoParadise
Long
by MyCryptoParadise_Nathan
AAVE: Channel Up BreakoutAAVE (AAVE) technical analysis: Trade setup : Bearish breakout from Channel Up pattern and below 200-day Moving Average ($72). Price appears to have resumed its downtrend. Pattern : Price was trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $65, which it broke, then $50. The nearest Resistance Zone is $80, then $95.
Long
by altFINS
2
AAVE something exciting Don't Miss Out..!!👀 AAVE Today analysis💎AAVE replicating the same wedge pattern, with a key observation being that it's trading in a strong demand area and below EMA 50. 💎Another aspect to consider is that if the price re-enters the box due to the market uncertainty that has been prevalent for the last few days, it might consolidate and, with increased selling pressure, invalidate the bullish momentum. 💎The POC of VRVP (Visible Range Volume Profile) is acting as resistance. If the price maintains its momentum above EMA 50, we could be in for a solid bullish move. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
3
AAVEUSDT on daily support, long favorable towards 72.9We talked about this one going down to the daily support and potentially aim for the weekly support in coming days. That does not mean that a bounce shall not be expected from the daily support. The price has touched the daily support and I expect a bounce here towards 4h resistance 4HR1. This provides an opportunity for a long trade. The target of this trade should be close to 4h resistance zone 4HR1 which is around 72.9.
Long
by angela_altair
AAVEUSDT at monthly resistance, retrace to weekly support likelyThe price hit the confluence of monthly and weekly resistance. This resistance is definitely strong one and usually will not give the way so easy in the first attempt. We see that the price got rejected from this resistance and landed on the daily support for a bounce towards that resistance again. The price is pulling back again from there and heading towards daily support. The probability of this daily support holding the price for long is not that high and I expect that the price will head towards weekly support WS1. We shall observe a good bounce in case price reaches there. WS2 is the weekly support level which marked the low of june 2022, dec 2022 and june 2023. That support has provided very good price bounce/reversal although with diminishing returns on subsequent bounces/reversals. Anyways that support is far away and just for explanation purpose I have added so that in case in the future if price reaches there, it would be again a good long opportunity. But for the time being, I expect the price to reach WS1 level and bounce from there.
Short
by angela_altair