Aave
AAVE/USDT : Reached the S/R zone and trendline!BINANCE:AAVEUSDT
Hello everyone 😃
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$AAVE has reached the trendline's resistance now and also there's a formed S/R zone.
So basically it's a bearish sign and we have to expect the rejection...
But there are not enough levels to set our Short position here!
The Short position should be located below $148.5!
After all; There can be a chance of a breakout above the mentioned trendline and S/R zone.
If we get the closings above the S/R zone and trendline, Then we locate our Long towards $190.5!
Trading setup :
🔻 Entry Pointes : $155 - $157.5 - $160
📍Targets : $164 - $169 - $174.5 - $181 - $190.5
🟥 Overall stop-loss : $148.5 ( Three Candles Close )
⚠️ It's not activated yet, Needs to wait for a proper breakout!
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
AAVE is going to reach 350$AAVE has Formed an Inverse Head and Shoulder Pattern. This means the Price is gonna Increase! This pattern is a Bullish Pattern and we can Be Sure of Good Bullish Stuff! The Right Shoulder Has not been Fully Created! When It's Completed and Reached the Neckline, we can Expect a Bullish Movement Up to 350$. There is also a Regular Bullish Divergence (+RD) On MACD which means the Bullish Chance Is Pretty High! You can Enter AAVE right now But It's a Bit Risky. If you wait Until It Reaches The Neckline, It is Perfectly Safe For Entering.
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Thank you for seeing idea .
Have a nice day and Good luck
$AAVE 140 Support Zone$AAVE recently testing that 140 support over the past few days, seeing sellers near close here, and will need buyers hard tonight/tomorrow if it wants to hold.
RSI already broke the support, but I don't treat diagonals with much validity.
Either way, with the overall market trend, it doesn't look hot. 112 is the next very clear support, could see some action in the 125 area.
Pump after fallingAfter a sharp drop and being aligned with the fork and reacting to its lines, This token is now in a critical range that if it can not be supported by the specified lines and ranges, there is a possibility of further drop. But it is expected to be ready to move upwards after falling below the support and suffering range Of course, all these descriptions depend on the king of crypto, Bitcoin If you have any comments or criticisms, I will be happy to share them with me. In addition, I invite you to see the SLP analysis. In this analysis, the worst possible conditions are considered
AAVE is in a Bearish Pattern But can It Become Bullish?AAVE is in a Descending Triangle. this means the price is going to Decrease (Probably) But a Thing That Must be Noted is that There is a Regular Bullish Divergence (+RD) Visible On MACD Which means the Price Can Increase.a Break out Is about to Accrue too.So there IS a Chance For Price to Increase Back to the Top Of The Triangle.
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Thank you for seeing idea .
Have a nice day and Good luck
AAVE USDT 1D (upcoming) break-out tradeAAVE broke the downtrend in which it had been since April 21 (see orange transparent diagonal line). The price corrected ~80% since then and we're currently back in the downtrend regions.
The price is retesting this diagonal and I'm convinced it'll eventually reclaim it. As there's plenty of support below it, clarified below.
The price is currently hovering around the .618 (fib measured from the lows in March to the highs in April) A little below that area we have multiple HVNs (high volume nodes) measured with the fRVP tool from the lows in March.
If two HVNs are close to each other, I usually take the midpoint (hence the divide by / 2 in the text). This midpoint is a good approximate to the average support.
The idea is to DCA in from around .618 up to the lower HVN regions around $155.
The invalidation is below the .786 fib retracement. Which is well below the HVNs and a very clear invalidation level.
I added the long tool right to illustrate an example position you could build. Please apply proper risk management before you enter the trade. Calculate exactly what'd you lose if your stop hits. And expect your stop to hit > 50% of the times. This'll make you a good risk manager. believe me.
💡Don't miss the great buy opportunity in AAVEUSD @AaveAaveTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (162.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 174.4
TP2= @ 181.4
TP3= @ 191.4
TP4= @ 209.9
TP5= @ 234.7
SL= Break below S2
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