AAVEPERP trade ideas
AAVE reversing trend & signs of a run?I think we may be heading for a run in the near future. Is that a bull flag? Idk. Broke out and I think we are headed for the upside.
AAVE - Dominant LenderDEFI - The largest TVL on ETH. Needs to distribute profits to coin stakers - which is coming (supposedly).
Very large potential upside. Swallow the loan market.
Aave (AAVE) - January 31Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You need to make sure you can get support on the 315.2960-329.6744 section.
If you fall from the uptrend line (1), you need a short stop loss.
In particular, if it falls from the 243.4039 point, you need to trade carefully.
The next volatility period is around February 4th.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
AAVE - $475AAVE is currently trading at $254 and has a weak support at the 0.618 fib $234. If it can stay above this fib and turn this zone to support, we could see a move towards $280, $355 and $475. Failure to hold the support could lead to a drop to $220, $200, $177 and $159.
Aave (AAVE) - January 25Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to see if we can get support from the 243.403953-257.782366 segment and climb above the 315.296026 point.
If it falls between 142.755052-157.133466, a Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Altseason if Official: decorrelationAltseason is officially here. Though BTC still leads the market, most altcoins have inverted market structure. While BTC is making lower highs and lower lows, alts are making higher highs and higher lows.
I am waiting for BTC to dump to daily demand at 26-27k to load up on alts, but I am beginning to see that it won't matter. The relative discount on alts will be negligible, as it will be a higher low when I buy in and not a lower low like BTC. FOMO might be warranted...
AAVE: UNSTOPPABLE BULLS/STRONGLY BULLISHBroke Resistance and shows signs of more bullishness....
Enjoy the ride...
A CUTTING EDGE Project - Insane potentialI won't go much into technicalities but more into project fundamentals.
DeFi looks like it's going to explode in 2021 at only about a 30 Billion dollar market cap.
It's basically in infancy. And for me, by the end of 2021, it could grow by tenfold.
When it comes to AAVE, 3 billion dollars is locked into AAVE alone - It's the largest crypto DeFi project by market cap.
The total supply is 16 million tokens, 3 million will be allocated to the AAVE ecosystem reserve. The inflation rate of about 1.2% per year.
Aave is in the process of receiving the necessary licenses they need to make it possible for users to buy assets in Aave directly using fiat. Aave received the first of these licenses in July from the UK Financial Conduct Authority.
Aave also received over 25 million dollars in funding from various venture capital firms in October 2020. The purpose of those funds is to bring in more institutions and expand Aave’s operations into Asia.
That is why I think AAVE is not only going to be the largest DeFi project but one of the largest in the whole crypto market.
Remember when Bitcoin was about $1000? ;)
AAVE Trend Line Retest: Target 190LINK, ETH with the same PA. Pump after breakout of wedge/triangle, dip to retest the trend line and give more buyers an opp to long, then really pump to new highs
Bid scaled in from 185-195
