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Aave

AAVE dancing on the edge. Will it break down or reverse up?I invested in ETHLend (today known as AAVE) first day it get available on Binance back in 2017-18, but unfortunately I sold all after big price increase. Today everyone knows about it, but it looks like we all forgot a little about it. YTD AAVE price change is 198% which is absolutely ridiculous when we remember all hype from last year until May/2021. AAVE is currently Rank #51 at CMC with M.Cap of just over 3,5 Billion $. Market Cap/TVL ratio is 0,22 and Circulating Supply of 83% makes it quite desirable in my opinion. DeFi isn't that popular lately, but it didn't disappeared. People are still using it, developers are working on new features and I'm 100% sure we will see another DeFi resurrection. AAVE broke down from its long rage price action and triangle pattern. Now it sitting on long term trend line support. If we broke down I see 190$ region as next support, but I'm more inclined to fakeout and then reversal to new highs. For further upside action AAVE must reclaim previous support (now resistance) and after that with little spotlights back on DeFi future of AAVE isn't questionable. 10x from current M. Cap will push it on #10 on CMC (current Dogecoin spot) which is not so impossible to happen.
Long
by Philippe_0x
AAVE 4H - Upside PotentialHello friends, today I am reviewing the 4H chart for AAVE, a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been in a descending channel since November 9, 2021. 2) The price hit the bottom long term trendline multiple times on November 18, 2021. 3) The price target for the breakout is around $304, which is a 10% upside. This is also a resistance area. 4) If the price can breakout of the resistance area, it could go as high as $347 or about 25% upside. 5) The Ichimoku Cloud is holding the price down so we may not immediately touch the top of the trendline. 6) The RSI (relative strength index) just broke out of a multi-day trend out of the oversold area. 7) The volume seems very low. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:AAVEUSDLong
by MillionaireEconomics
5
AAVE 412% potentialHello Traders! After our recent shake out given to us from our wonderful market makers (wonderful people) we have been given the opportunity to grab some of our favorite projects for a much more favorable price. This is AAVE, my first 100x trade. I wanted to share this one with you publicly as must of my trades are posted in my private group because this one was on sale. So here you are folks, I hope you enjoy! ————————————————————————————— FUNDAMENTAL ANALYSIS AAVE Price Live Data The live Aave price today is $285.89 USD with a 24-hour trading volume of $356,327,944 USD. We update our AAVE to USD price in real-time. Aave is up 4.36% in the last 24 hours. The current CoinMarketCap ranking is #49, with a live market cap of $3,787,489,780 USD. It has a circulating supply of 13,248,079 AAVE coins and a max. supply of 16,000,000 AAVE coins. If you would like to know where to buy Aave, the top cryptocurrency exchanges for trading in Aave stock are currently Binance, Mandala Exchange, OKEx, Upbit, and CoinTiger. You can find others listed on our crypto exchanges page. What Is Aave (AAVE)? Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!) AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol. Who Are the Founders of Aave? Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed. Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending. According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community. What Makes Aave Unique? Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol. The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction. Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future. Find out more about Compound (COMP) here Discover how Maker (MKR) tokens work Learn about cryptocurrencies with CMC Alexandria CoinMarketCap Blog: The latest news and features How Many AAVE (AAVE) Coins Are There in Circulation? Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees. An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project. AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort. In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.) How Is the Aave Network Secured? Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake. Where Can You Buy Aave (AAVE)? Some of the biggest exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene and OKEx HAVE A GREEN WEEK, Savvy
Long
by Savvythe1
1
aave w5 swing~hello there, hope everyone is enjoying this pulchritudinous weekend ~ was scanning through some alts today as usual, looking for the next swing (not many recently due to things looking toppish) found 3 swings which might be worth taking \\ bch, shib, and aave. (not taking any of these trades just yet, but i might in the days ahead) aave wave 5 target = $1200 ps. this is a longer term swing, it could take awhile to play out - don't expect this move to happen overnight.
Long
by notoriousbids
2
AAVE USD Best ALT coin end of year continuedStill looking good for AAVE here, its unanimously been one of the worst top 100 coins traded this year because its been super quite and had no action at all but down it seems. looking at the bigger picture its been in a major Wyckoff re accumulation schematic since february and is looking poised to making its final leg up to 2k to end the year. All the proper phases have been filled to a textbook description. Ive been charting this heavily all year and highly suggest you due your dd on researching it and examples of "Re accumulations"
COINBASE:AAVEUSDLong
by martinh5621
2
Aave (AAVE) - November 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (AAVEUSD 1W Chart) - Medium to Long-Term Perspective Above 101.345455 point: expected to continue uptrend (1D chart) First resistance section: 419.933-472.221304 Second resistance section: near 629.086220 point Support section: 158.491471-210.779774 To break out of the downtrend line, we need to see if we can sustain the price above the 315.356387 point. A decline from the 278.418499 point may lead to a fall into the support zone, so trade cautiously. The 300.459751-382.934264 section is a section for sale that is formed in the high point section. Therefore, you should maintain the price in this area and break out of the downtrend line. ------------------------------------------ (AAVEBTC 1W chart) Above the 0.002157-0.002829 section: expected to continue uptrend ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:AAVEUSD
by readCrypto
#AAVEUSDT 3H Chart Price was consolidating between the support at $300 and the resistance at $350. MACD is showing bearish weakness, RSI is sold and price is trading below EMA ribbon. Huge liquidity was resting below the support which price took out recently liquidating all long positions from this area also leaving a freshly printed supply zone and an imbalance. Liquidity is still resting above the resistance at $350 meaning the supply zone will most probably not hold as much and we should see bullish movements sooner or later.
Long
by saviour25
1