#AAVE/USDT#AAVE
The price is moving in a descending channel on the 12-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 134
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 152
First target 164
Second target 182
Third target 203
Aaveusdtshort
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
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.
AAVEUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: 90-95
Target zone: 75-70
after first target reached move ur stop to breakeven
Stop: 111.5 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 1
risk is justified
Good luck everyone!
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AAVEUSDT: Wedge & Growth OpportunitiesAn excellent medium-term trading plan on AAVE.
The prolonged downward correction in wave B seems to be over.
At the moment the price has formed a strong upward impulse in the form of a wedge pattern for 1 wave.
Locally, the price is correcting in the assumed wave B (in wave 2).
I plan to open a short position at the completion of wave B in order to win back the decline in wave C (in wave 2); the profit-taking target is 75.
At the completion of wave C (in wave 2), I will close the short position and open a long position, with the goal of taking profits at a minimum of $300.
Good luck to you)
AAVEUSDT, Its ready to re-test resistance againGood night guys
AAVE is one the most powerful platform that is working on ...
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According to the chart and previous analysis the price exactly supported in PRZ level and activated that buy zone area and moved upwards toward the resistance that we shown on chart, but it couldnt cross it and started their correction.
We expect the price finish correction and its ready to go upwards and re-test again the resistance and it can cross this heavy resistance this time.
But dont forget use stop loss and attention to money management.
Good Luck
Abtin
Previous analysis :
This is one of my favourite movement that market done it :D :
AAVEUSDT , Buy zone activatedHello everyone
Are you in profit or not ??
AAVE is one the most powerful project that is working on crypto and blockchain
According to the chart, the price is in important support zone and we expect that this zone can support the price, and it can go up to reach to the target.
Other targets will be update.
Previous analysis :
Good Luck
Abtin
AAVEPERP Short, -50%?AAVE has underperformed the last few months since the may crash. I think with the COVID news it's gonna struggle to keep support here and create new lows, especially with BTC being as fragile as is.
I'm only risking 1% of my portfolio here, 0,25% for first TP and 0,75% for the second TP.
Entry: $249,60
S/L: $265
TP1: $189 with 0,25% risk for 3,87R
TP2: $112 with 0,75% risk for 8,99R.
AAVE forms a bearish pattern* AAVE in daily time frame forms a Ascending channel pattern.
* Ascending channel appears when the price moves between two parallel ascending trendlines forming higher highs and higher lows.
* If AAVE breaks the lower trendline of the pattern we can expect a drop till $251 and to continue the uptrend the price needs to move within the pattern or break the upper trendline.
AAVEUSDT , Its time to buy with hammer Hello everyone
This coin is one of the popular for traders
In here we are in a daily time frame and after the key the trend was changed and now we had pullback with hammer and this time we have nice R/r for take profit .
We checked the chart on 4H time frame and in there we see the same there as we see in daily time frame , its time to buy when that hammer was made in daily
Dont forget stop loss , this is market and we dont know what will can happen
Good Luck
Abtin