AVEUSD trade ideas
AAVE Levels Im watchingWill be playing these levels on AAVE.
Would like to be patient and wait for a retest of $350 area and buy hard. If we aren't gifted another pullback here, I'll wait for s/r flip of the $430 area to buy. Buy support, sell resistance, ezpz.
Looks like this could be a lot of fun over the next couple of months.
AAVE/USD - potential 78% setupHello, Traders!
AAVE is exiting the active trading range of $298 - $418 and prepares to continue the market cycle.
Last time the flat movement lasted 55 days and resulted in 530% growth.
The current flat movement has lasted for 60 days, which gives us a trigger for action.
We can consider opening a position in the range of $382 - $418
Stop Loss might be placed under $324
Targets according to Fibonacci levels:
$450
$565
$638
$682
Good luck and watch out for the market.
P.S. This is an educational analysis that shouldn't be considered a financial advice
Birds of a feather die together - Aave and Polygon descendingAave and Polygon have been working together recently, maybe it's because they've both been on a descending triangle of doom. The chart indicates that both companies are poised to head lower. The stochastic indicators point to a correction down to a new support level. Aave has made three strong pushes into the roof and failed to break the pattern, it's time for the Elliot, 3,2 three up and two down.
AAVE Analysis AAVE has been on a major downtrend after hitting all time high few weeks ago.
$300 support cluster has been holding strong. AAVE looks to be forming this double bottom here.
Breakout in trend resistance would confirm further uptrend.
All Exchange reserves for AAVE have been on a downtrend after we had peaked at all time prices. This indicates more investors are looking to hold in cold wallets or DEFI.
AAVE (AAVEPERP) – Short signal SHORT: 329 - 354
TARGETS:
1) 285
2) Trail stop – let it run
STOP: When a 4h candle closes above 399
Rationale:
-The 100 and 200 EMA have acted as strong support for the duration of the uptrend.
-More recently, price has been respecting two diagonal trendlines
-Price broke out of the upper trendline and retested the EMAs. The EMAs were unable to hold so price retested the trendline, however it rejected off the EMAs and fell through the trendline.
-Price is now hovering between the two diagonal trendlines, under the EMAs.
-Given the recent weakness, price is most likely to drop down and retest the trendline which corresponds to the area of the previous lows.
Your risk, your reward. This is not financial advice.
Happy trading.
AAVE Price Forecasts Weak Bullish Move For The Upcoming SessionThe weekly technical chart of AAVE Price forecast a bearish momentum.On coming to the daily chart AAVE price has given a negative crossover from the 50 Moving Average .Chain Link price is below the 50MA and above 100MA.The 50MA (Red) line is at $408 making it temporary resistance for the coin.Resistance for the coin on going upside is at $450 and on the down side price can see a bounceback from $400.AAVE has formed a parallel channel on the shorter time frame.If the price breaks down 10% above the AAVE then a strong bullish momentum can be seen.AAVE price can see a bullish move but one should wait until it test the lower region of channel and have a bounceback.AAVE/BTC pair can also see a downtrend in upcoming trading session.
Kindly comment your thoughts here