AVEUSD trade ideas
$AAVE Price Target $922 -Bullish Move to New All-Time-High SOON!This chart says it all. On the daily ichimocku, we were supported at the kijun line (red line) on the 4 hour ichimoku, we are officially breaking back out above the cloud and primed to make new all time highs. The cloud has also flipped green and is now bullish in almost every single way.
I am currently going to be adding my posityon and if we break back down, I will be cautious and set a stop.
In the meantime, this is a high probability trade and my next Major target is $922.
The other red lines are take profit zones 1 & 2.
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Aave// Bull Flag? ⛳️.After completion of the M pattern reversal, price is currently testing the smaller descending channel within the bigger channel after retesting the long term up-trend line.
If momentum continues, this could be an early indicator of the possible bull flag to come. Given we break the channel, we will then have to break 408 and 500.
I've heard positive news and sentiment about Aave. However, I like to look at BTC.D in concern with some Alts. Check the linked ideas for my thoughts and previous analyses on BTC.D; Lets see what happens. What are your thoughts?
**This is not financial advice.
aave 2.23.21 Cold dark winterAave finally looks to be cooling down but dont give up just yet. We have a test on the heart line coming up. If it pivots we can easily see it heading towards one k. If not it will test the bottom of the channel. At this point in time it may be hard for ethereum defi to keep up as eth gas fees are astronomical and ppl are fleeing. Where should they go for cheap defi? Tron and Binance both have chains that regular users can afford. YEs they are not fully decentralized but they are great and they work well. Mass exodus from hype coins and going back into layer coins such as CARDANO (look at that amazing chart), possibly ether, BItcoin, Solana, EGLD. Look for Atom also
AAVE to $196*Swing trade opportunity*
Why that price? No other reason than the golden ratio retracement. Previous corrections in price action has shown a lot of respect for the 0.618.
Why bearish? On the above 5—day chart Stochastic RSI is crossing down 80 (circled in orange) following an overbought condition (green column). Look left - don't ignore cross downs of the 80 on the 5-day chart.
Trade idea is void if price action breaks above $511