AAVE vs Tether Breakout Point... Can Be Anything...Here we have AAVEUSDT on a very tricky spot.
It just came out of a descending channel and is trading above EMA21/EMA10 with a strong RSI... But there is no volume...
I just shared a chart for TOTAL and BTCUSD with some early bullish signals developing...
If the bulls follow up, we can also see AAVEUSDT/AAVEBTC grow.
But if there is no follow up, this pair and all others are likely to move lower rather than up.
Here we also have prices trading above the 0.618 Fib. retracement level for the last bullish wave.
But there is no way to predict what will happen next.
Trading is very easy though...
We buy with a very tight stop-loss...
LOW RISK, WITH HIGH POTENTIAL FOR REWARDS.
This is not financial advice.
Namaste.
Aave
Aave bounces at EMA50/EMA100 (Next Target Mapped)We are seeing many altcoins recover after a just a few short days (2 weeks max) of correction... We have good potential for a new high since we are getting higher lows.
You can find more details on the chart.
Previous trade idea 27-February
Thank you for reading.
Thanks for the support.
Namaste.
AAVE Bullish Divergence (115% Potential Profits)Aave vs Bitcoin (AAVEBTC) is showing the classic bullish divergence signal with the MACD and RSI as well as a bullish cross on the chart.
Today's bullish candle after the bullish engulfing pattern 24/25 Feb. also supports additional growth.
Prices moving above EMA10 while the MA200 is starting to trend down.
Additional details on the chart.
Note: These signals can be easily invalidated.
Make sure to have a plan before trading in case the market changes.
Namaste.
$AAVEUSD | Model Predicts New HighsHello Traders,
The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model. A break of the support zone nullifies this set up.
Look at related Idea for a broader picture.
AAVEUSDT Correction ?AAVE was a successful trade that I personally took .
By looking at the chart and the FIB level it touched , I will be expecting a retracement or a small correction in order for it continue going up . Just keep in mind , that in case AAVE decouples from the general crypto market like it had done in the past , it could just keep going up .
In my opinion , I am in favor of having a retracement before going further up around $188 or even $175 which was the downtrend breakout .
In addition , is also important to note that a violent breakout of BTC to the upside or a retracement could just move AAVE and other ALTS violently up or down , at this point I believe everyone needs to be cautious .
By saying this personally I would be waiting for AAVE to break this level and test it as support before re entering a position or waiting for the retracement and longing or buying spot at the local bottom after the correction .
AAVE - Take entry with these targetsBYBIT:AAVEUSDT
1H trend chart
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AAVE is converging in a descending tunnel.
It is going to break out the downtrend line right now, so we can take entry with good rr ration here.
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Profit Targets:
a) 261.5----Fib(1)
b) 277.25~283.65----Fib(1.272~1.382)
c) 297.3----Fib(1.618)
d) 319.45----Fib(2)
Stop losses:
a) 231.45-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
AAVE - Possibly a Great Short - * contingent per BTCI plan on entering this trade contingent entirely upon bitcoin price action. (also contingent upon the price going back up which I hope he does)
AAVE has had a significant uptrend, as large holders take profit, the "marketmakers" buy their contracts pushing price-action upward along with new buyers, short positions stop loss orders are triggered as a "market buy order" pushing the price up further... (one would think this buying and selling would logically create an equilibrium, and it would - *if the market was peer to peer without the "market maker"- this third-party adds and takes away liquidity which complicates the equation>
* this is a one hour chart and will take days to be realized (if it is correct)
* this chart would be invalidated and completely negated by any significant move up or down per bitcoin (* however alt coin charts work in tandem with bitcoin with its signature clearly within price action)
AAVE at next sell-off ??AAVE at next sell-off ??
December 27th 2021 we had 30.08% in profit - that was the last local high.
Today 31.88% are in profit - will we see profit taking soon?
What do you think?
On-chain data by @intotheblock
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
AAVE trend follow long- Price broke above weekly zone and broke out thru long term downtrend line. Forming Elliot wave sequence, currently on move 4 out of 5 indicating another potential push to the upside to come.
- Price formed consolidation flag after breakout, retraced to the 50% fib level and is now seeing higher lows being formed. Price retested s/r 38% fib level zone on 1h chart and held above moving averages. Ended with a high volume, bullish hammer showing big players stepping back in on the dip.
Stop loss: Placed below previous low of consolidation and 50% fib level
Take profit: At conflucence of short term and long term fib levels
$AAVE Massive pump coming | #idea$AAVE
* A Break-out from a huge Bullish Falling wedge is about to happen
* A smaller Falling wedge has already been broken out
* Massive MA100 break-out on daily TF
* RSI Bullish Divergence did its job
If it does a break-out in the white circle area , then 🚀
Just an #idea