AAVE: UNSTOPPABLE BULLS/STRONGLY BULLISHBroke Resistance and shows signs of more bullishness....
Enjoy the ride...
AVEUSD trade ideas
A CUTTING EDGE Project - Insane potentialI won't go much into technicalities but more into project fundamentals.
DeFi looks like it's going to explode in 2021 at only about a 30 Billion dollar market cap.
It's basically in infancy. And for me, by the end of 2021, it could grow by tenfold.
When it comes to AAVE, 3 billion dollars is locked into AAVE alone - It's the largest crypto DeFi project by market cap.
The total supply is 16 million tokens, 3 million will be allocated to the AAVE ecosystem reserve. The inflation rate of about 1.2% per year.
Aave is in the process of receiving the necessary licenses they need to make it possible for users to buy assets in Aave directly using fiat. Aave received the first of these licenses in July from the UK Financial Conduct Authority.
Aave also received over 25 million dollars in funding from various venture capital firms in October 2020. The purpose of those funds is to bring in more institutions and expand Aave’s operations into Asia.
That is why I think AAVE is not only going to be the largest DeFi project but one of the largest in the whole crypto market.
Remember when Bitcoin was about $1000? ;)
AAVE Trend Line Retest: Target 190LINK, ETH with the same PA. Pump after breakout of wedge/triangle, dip to retest the trend line and give more buyers an opp to long, then really pump to new highs
Bid scaled in from 185-195
Bibman's Breakdown - AAVE - 1/18Novice & rudimentary analysis for personal interest only. NOT financial advice.
AAVE About to gain ANOTHER 100%AAVE gained 100% in 5 days last week.
It's ready to gain another 100%, in a very short time period. Most probably next week.
For me, mid-term target is at least $1000 where I might start taking some profits.
Not a trading advice.
Aave has retrace before another pumpJust keep an eye on which support gonna hold it, eventually will keep on climbing the ladder...
Aave to retrace before another pumpIf u ddnt catch the first move, another one will come coz it’s gonna retrace now....then will make second hard move.
AAVEUSD (Waiting for the Resistance Zone Breakout)#AAVEUSD Technical Analysis Update
Waiting for the Resistance zone Breakout in 4h chart
AAVE/USD currently trading at $89.60
LONG ENTRY: Above $100 (Only enter long if 4 h candle close above $100)
STOP LOSS: I will update once I see the Breakout
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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AAVE LTF - Short StrategyIn the short time frame, it looks like AAVE is turning positive on the Heikin Ashi. Longer time frame it's looking fairly weak, so I expect a short rally into resistance around 80-81 (happening right now: I prepared this chart about two hours ago but was unable post). At that point I would take a short position targeting the first support and see how it plays out. Take note: if ETH or BTC start to rally in the near time frame, this idea is invalidated. Or if it reaches 82-85 without a near term pullback.
Just my 2 cents!
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