AVEUSD trade ideas
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
$AAVE - round 2 is hereCorrection downtrend has been complete
Bull flag accumulation complete
Claim pink here and we will test the 0.5
Expecting some rejection there but once cleared should be able to run to highs if market strength continues
AAVE also being one of the biggest and best DeFi setups is always good fundamentally also
$AAVE Support at 365?If Aave does not hold support at 365 it would retrace and correct back down to 325 or even 300 dollar level although I do not think it will come down this far and is already on quite a discount. Aave lovers this is your opportunity to stack those tokens
In contrast Agave on xDai chain launched its website check out $AGAVE on coingecko you can get AGAVE token on HoneySwap which I am also very bullish on. Agave launched with a $10 price tag now it is trading over $1K 100x gains are out here. You just have to know where to look and when.
Crypto Market & AAVEUSD Technical Analysis & Predictions 3/13/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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AAVE Analysis LONG 12/03/2021EN
This is the first review I upload on the platform, all support and constructive criticism will be welcome😊
AAVE is touching trend line support. It keeps setting higher and higher lows and if it does not break that trend we have a bullish scenario for AAVE.
It could have a first resistance level in the $450-460 area and could bounce again to the trend line, but most likely it will end up breaking that resistance and head to the next one in the $500 area.
PS: This is just an information and not a recommendation.
ES
Este es el primer análisis que subo en la plataforma, todo apoyo y critica constructiva será bien recibida😊
AAVE se encuentra tocando con el soporte de la línea de tendencia. Sigue marcando mínimos cada vez mas altos y si no rompe esa tendencia tenemos un escenario alcista para AAVE.
Podría tener un primer nivel de resistencia en la zona de los 450-460$ y podría rebotar otra vez hasta la línea de tendencia, aunque lo mas probable es que acabe rompiendo esa resistencia y se dirija a la siguiente en la zona de los 500$.
PD: Esto es solo una información y no una recomendación.