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AEVO / TetherUS

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AEVOUSDT trade ideas

#AEVO Technical Analysis: Trend ReversalHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: AEVO has recently broken above the descending channel after 110 days of a continuous downtrend. The price is currently holding support at the 21 EMA, and it is likely to show a decent rally, creating an uptrend. - Primary Support: 21 EMA at $0.519. - Short-term Target: $1.053. - Mid-term Target: $1.84. - Long-term Target: $3.73. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
AEVO Price Could Drop Below $0.430 as Bearish Signs Emerge BINANCE:AEVOUSDT slid over 1% in the past 24 hours to trade at $0.4442 at press time. With this slight retracement, the crypto’s weekly performance has been nudged deeper into the red zone. As a result, the altcoin is down more than 13% over the past 7 days. The AEVO price has entered a consolidation phase between $0.430 and $0.480 in the past 48 hours. This might be the build up to a strong move. Should the altcoin’s price surge, it could attempt to flip the $0.480 resistance level into support. A 4-hour candle close above this barrier could then give AEVO the technical foundation needed to rise to $0.535. On the other hand, a breakdown in the AEVO price might lead to it testing the immediate support level at $0.430. Falling below this technical crutch could put the altcoin at risk of plunging to as low as $0.385 in the following couple of days. Technical indicators on AEVO’s 4-hour chart warn that the crypto might be on the verge of entering a negative cycle. The Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and short-term Exponential Moving Average (EMAs) are all showing negative signs. Firstly, the RSI line is positioned below its Simple Moving Average (SMA) line to suggest that sellers have the upper hand against buyers on AEVO’s 4-hour chart. The RSI is, however, starting to rise towards the SMA line. A cross between these two technical indicators could signal a major bullish shift in the crypto’s momentum. Before traders decide to go long on AEVO, it is important to note that the MACD and short-term EMAs could soon trigger major bearish technical flags. Firstly, the 9 EMA is dropping towards the 20 EMA line. Traders generally see this as an indication that a crypto is losing some of its bullish momentum. Meanwhile, the MACD line is collapsing towards the MACD Signal line. Although the current orientation of these two lines is bullish, the narrowing gap between them might be an early indication of the AEVO price entering a bearish phase. The MACD line falling below the MACD Signal line and the 9 EMA crossing below the 20 EMA on the 4-hour chart could serve as a short entry. If these technical occurrences happen and are validated, the AEVO price could soon lose the key $0.430 support.
by Ecoinimist
AEVO Corrected, But Now Has Potential to Rally 40%The chart displays an ascending triangle pattern, which is typically a bullish continuation pattern. Right Now AEVO has breakout and retest, it seems that the sellers are slowing down. From The 21-day EMA which is currently around 0.978. The price is slightly above the EMA, indicating a possible shift to a bullish trend as the price is starting to move above the average. Order Block: An order block is marked between 1.409 and 1.501. Order blocks are areas where large orders are placed, often leading to significant price reactions. This area might act as a strong resistance zone. Volume: There is a notable increase in trading volume marked on the chart, suggesting heightened interest and possibly indicating the strength behind the current price movement. Overall the Aevo price action look bullish for short term with potential to reach $1.3 - 1.4 #nfa
Long
by CryptoWizard_
AEVOokay so there have been a lot of controversies about this coin and how it is being manipulated tp rekt sellers, bla bla blka. but i personally feel it is a good project and would do well in the next bull run. i noticed that it is accumulating currently, if it breaks this wedge(accompanied with more accumulation), there will be a quick move up to 1.44, but i am personally having this in my spot bag till the end of 2024. for future traders. i recommend .73 as stop loss. use proper risk management... for it is a choppy season.
Long
by Amaizin231
1
Trade Idea for Aevo (AEVO) - Accumulation StrategyAevo (AEVO) is currently trading around $0.82, experiencing significant volatility due to upcoming token unlock events and its recent market performance. With a circulating supply of 110 million AEVO and a maximum supply of 1 billion, the market cap stands at approximately $90 million​. Consider initiating a position at the current price level of approximately $0.82. This price provides a strategic entry point, considering the recent price corrections and the potential for future rebounds. Plan to accumulate additional AEVO tokens at lower price points of $0.80 and $0.60. This approach allows for averaging down the entry price and capitalizing on market dips. Set multiple take-profit targets to capture potential gains during upward price movements. The initial targets can be set at $1.80 and $2.25, followed by $3.00 and $3.50. These targets are chosen based on psychological price levels and potential resistance points. On May 15, 2024, a significant token unlock event will increase the circulating supply by 827.6 million tokens. This could lead to short-term price volatility but also presents opportunities for strategic accumulation during potential dips​​. AEVO’s role as a decentralized derivatives exchange with a custom Layer 2 solution enhances its value proposition. Despite recent declines, the long-term potential remains promising due to its robust trading infrastructure and backing by significant investors​. Accumulating AEVO at strategic price points leverages market volatility and the potential for future growth. The phased profit-taking strategy aims to optimize returns as the market potentially appreciates following the token unlock event and increased adoption. This trade idea is based on the current market data and AEVO’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz