Aave Major Long-Term Cycle Visited (Can Grow Beyond $1,200)➖ For Aave (AAVEUSDT), the low was hit June 2022.
➖ For more than a year, between June 2022 and October 2023, a consolidation phase is present.
Right in October 2023, the initial wave (bullish breakout) showed up and Aave is now on the move.
This wave ended in March 2024, together with Bitcoin and most of the Crypto market.
➖ A correction pushed prices lower between the levels 0.618 and 0.786 Fib. retracement of the entire bullish wave; a classic.
Now that the correction is reaching its end, a new bullish cycle can start.
👉 We have some conservative targets on the chart: $292 for 217% and $379 for 309%.
This would be the second wave (third from an EW perspective) but not the final one... We are entering a major bull-market that will likely peak in 2025.
👉 A new all-time high can push Aave to numbers above $733, to $1,200 or so...
There is plenty of room available for massive growth.
Remember, we are entering the pre-bull-market accumulation phase... If there is another drop, a shakeout or anything of that nature, think long-term.
When prices drop, we rebuy and reload.
Namaste.
