AAVE Daily timeframe analysis After 100 days of suffering inside its side channel, #AAVE finally broke its ATH and its #Flag #Pattern and is now ready to pump.
Also, this month has some good fundamental news that could be a confirmation of the growth of this currency.
In case nothing special happens, it can see the target of 950 $ and have a 70% profit.
P.N : This is my personal opinion and it is not a signal for trading. But if you want to buy AAVE , make sure to take action by managing risk and capital and based on your trading strategy.
*** Future is yours ***
Aave
$AAVE/USDT 4h (Binance Futures) Bull-flag breakout and retestAave has pulled back retesting the broken descending channel acting as bullish flag!
Current Price= 497.44
Buy Entry = 476.20 - 462.55
Take Profit= 519.47 | 563.80 | 647.69
Stop Loss= 429.55
Risk/Reward= 1:1.25 | 1:2.36 | 1:4.46
Expected Profit= +21.28% | +40.16% | +75.90%
Possible Loss= -17.02%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
aave/busd h4Any profit or loss is the responsibility of the trader.
In my opinion, it is more likely to move down.
Like and follow for support.
Make me happy with your comments.