Aaveusdtshort
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.
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Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
AAVE Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
AAVE Fully Diluted Market Cap $6,912,753,731
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
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AAVEUSDT UPDATE SHORT POSITIONBefore describing the chart, I should mention 2 points for newcomers that can also be a reminder for all..
First lesson to be taken in financial markets is that no trend is supposed to be forever ascending or descending.
Second lesson is finding the accurate entrance point and patience... Without patience we will miss all trends, either upward or downward.
Now let's go to the chart:
In any harmonic analysis, we look for D zone. But here we have found point C to enter the position. Now we are double-minded between two patterns..
First is Bullish cypher pattern and second is Bullish shark pattern.
Cypher pattern completes in 240$ area (limit) and shark pattern in 207-93$ area.
Here is the important point in all harmonic patterns .
Our pattern will not be approved until we pass neckline; so we close 50% of position in neckline (400$ area) and in order to decide for the other 50%, we should wait for market reaction.
In case of neckline break, I will consider zone D of cypher pattern as my second target.
Since we had our entrance point whale-like, our exit point must be of low risk.
Notice: We took this short position in the most ascending market and hence having this analysis was risky..
Hope you can use this analysis well..
Good luck
AAVE/USDT - big rangeThe rise is over. I've covered my longs.
growth on lower volumes
I'd rather wait for the market to correct. or go higher))
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AAVE Crash InboundAAVE/USDT looks very weak right now on the daily chart. Strong RSI divergence (yellow lines) shows uptrend has been losing momentum since the peak on November 10 and if today's candle closes in the red it'll be the first lower high on the chart since that explosive rally that started on November 5th.
There are a couple of order block supports (top two green bars) and the 50 EMA (blue) that I think will see some action on the way down. Expecting prices to depress right down to the 0.618 Fibonacci level around $53 though before we see a significant push back from bullish traders.
No timeline for this, just going to wait and see how this unfolds.