Aave (AAVEUSD): Setting Sights on Long-Term GrowthAave (AAVEUSD): BINANCE:AAVEUSD
Aave is considered a very interesting cryptocurrency for us, both fundamentally and technically. We have concluded the overarching Wave II at $45.28. Since then, there has been a sideways movement, but it's essential to note that we are in the overarching Wave III. The minimum target for this Wave III is currently an 871% increase, which is a tremendous surge and is considered realistic over a very long-term scenario. This won't happen today, tomorrow, or even in the next few months, but it remains a highly interesting coin for the long term.
Currently, we are subordinately finishing up a Wave (1) and are in the process of completing Waves 3. Zooming in further, we are in the midst of completing the encircled Wave ((iii)). This should reach between 61.8% and 100%, equivalent to $132 and $163. After this, we should see a pullback for Wave ((iv)) before completing the overarching Wave 3. We will be looking for an entry for this Wave ((iv)).
Aave
AAVEUSDT - Bouncing back from the support#AAVEUSDT (4H Chart) Technical Analysis Update
AAVE is bouncing back from the support.
As you can see in the chart, this is the 4th time its bouncing back from support and every time it bounced back from the support it made significant gain.
AAVE/USDT currently trading at $85.24
Entry Level :$ 85-84
Stop Loss: Below $82.52
Resistance level 1(Target) : $87.48
Resistance Level 2(Target): $91.9
Resistance Level 3(Target): $95
Resistance Level 4(Target): $99.65
Risk Reward Ratio : 1:5.2
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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AAVE IS VERY BULLISHFrom the place we inserted "start" on the chart, it looks like a diametric has started.
Wave D seems to be a diametric, and only wave g is left of this diametric. In the coming days, with the completion of wave g from D, the bullish wave E is expected to start.
By maintaining this range, it is expected to move towards TPs.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AAVE/USDT probability of bullish continuation from demand? 👀🚀💎 Paradisers, brace yourselves for a captivating chapter in the #AAVEUSDT saga, with signs pointing to a bullish breakout from its current stronghold.
💎 After facing resistance in a tough supply zone, #AAVE has intriguingly navigated through buyer territory. This maneuver hints at a potential dip before embarking on a bullish trajectory from the key demand level of $106.06. A surge of bullish energy here could propel EURONEXT:AAVE towards a significant challenge against the looming supply zone overhead.
💎 In the ever-shifting crypto arena, flexibility in strategy becomes paramount. If #AAVE stumbles at this critical juncture, adapting swiftly could be our ace in the hole.
💎 Enter Plan B: eyeing a bullish charge from a deeper demand level at $98.56. This becomes our vigil point, where a breach might signal an early transition to bearish trends for #AAVE. 🌴💰
AAVE - ClasaICrypto - Long Term - AAVE is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, providing peer-to-peer lending and borrowing services without traditional intermediaries. Initially launched as ETHLend in 2017, AAVE later rebranded and became one of the prominent DeFi projects.
Here are some key aspects of the AAVE protocol:
Lending and Borrowing: AAVE enables users to lend or borrow crypto assets using a collateralized system. This process occurs without traditional intermediaries, such as banks.
Liquidity Pools: AAVE utilizes a market model based on "liquidity pools," where users deposit crypto assets into a pool to provide liquidity and earn interest. Other users can then borrow crypto assets from this pool.
Flash Loans: AAVE introduced the concept of flash loans, allowing users to borrow crypto assets temporarily without requiring collateral. These loans are conditioned on their return within the same transaction, adding a high degree of complexity and opportunities for advanced traders.
AAVE Token: AAVE has its native token called AAVE. This token is used within the ecosystem for governance decisions and to participate in activities such as lending and borrowing. AAVE holders can also earn interest and other benefits.
Governance: The AAVE community of token holders has the power to propose and vote on changes to the protocol through the decentralized governance mechanism.
AAVE has had a significant impact on the DeFi ecosystem, contributing to its innovation and development. It is essential to note that the DeFi space carries associated risks, and users should be aware of them when participating in such protocols.
AAVEUSDT is bullish targetting 243-262 zoneThe price has been moving up after consolidating between two monthly zones currently marked as MS1 and MS2. This is a very nice pattern to identify for the bullish move and it was there in this case. Very beautifully the price osciallated between these two zones for a long time before moving beyong the MS1 zone. Everytime the price was pushed down from MS1 zone, it found support on MS2 zone and had a bounce. After going beyond the MS1 zone, it was rejected by the weekly resistance WR1 zone but monthly support zone MS1 provided the needed support and the price bounced from there. This was another opportunity to go long as this was breakout retest. Now on this bounce from MS1 zone, the price has managed to move beyond that WR1 zone and currently trading above it. This opens the way for the price to target the next resistance which is monthly resistance MR1 and that zone lies around 243-262. I think the price is likely to hit that zone in coming weeks. We will have a look how it behaves at that resistance but there would be a considerable pullback at that level. So if long, booking profit at that level would be a good idea.
AAVE/USDT Breakout the Key resistance area, Continue Upward!💎 AAVE has recently shown significant market dynamics by successfully breaking out of a key resistance area. This breakout suggests a bullish momentum, with the probability for further upward movement and a move towards our target area.
💎 However, it's crucial to monitor how AAVE behaves during its retest of the previous resistance, which is now acting as support.
💎 A bounce from this support area would confirm the validity of the breakout. Conversely, if AAVE fails to hold above this support level and breaks down below it, the breakout may be considered false.
💎 In the event of a breakdown below the support area, the price could retreat towards the demand area around $8, or even lower. This would indicate a reversal of the bullish momentum and a resumption of downward movement.
🚀 AAVE Range Reclamation Setup! 📈💹📊 Analysis:
Reclaiming Previous Range: AAVE is showing signs of reclaiming its previous range, signaling potential upward movement.
Buy Zone: Look for a retest of resistance turned support in the Buy Zone between $115 and $125.
Higher Low Setup: Establishing a higher low can indicate trend continuation to the upside.
Take Profit Strategy: Consider taking profits at the next resistance areas around $150 or $220.
Stop Loss: Set a stop loss under the $104 level for risk management.
🌐 Note: Stay informed about broader market conditions and any news/events that may affect AAVE.
📈 Aave's Weekly Analysis: Potential Breakout from Prolonged Con🔍Aave's price action in the weekly timeframe indicates the possibility of breaking out of its 658-day consolidation phase, potentially initiating an upward trend.
✅After breaking its trend line, the price has surged by 100%. Although it faced rejection from the 110-120 supply zone initially, a second attempt with significant volume and bullish candlestick patterns suggests a breakthrough.
⭐️The recent candlestick closure above this zone also validates the bullish sentiment, supported by Dow Theory principles.
💥Furthermore, the RSI oscillator entering the overbought zone indicates potential upward momentum, while the SMA25 indicator, alongside the price action, has bounced back after rejection from the supply zone.
🛒For investors considering adding Aave to their portfolio, setting a stop-loss at a minimum of $82 or a more conservative approach at $52 is recommended. As for targets, holding until the all-time high (ATH) could be a strategic option.
🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
AAVE Price Analysis: Bullish Breakout Potential
AAVE is currently trading within a weekly accumulation range. A breakout and daily candle close above $115.6 could signal a bullish continuation, with the first target at $243, which is the first major resistance level. The weekly support level is at $83, and a break below this level could indicate a continuation of the downtrend.
Key Technical Indicators:
Moving Averages: The 50-day MA is above the 100-day MA, indicating a bullish trend.
Relative Strength Index (RSI): The RSI is above 50, indicating that AAVE is not overbought.
Stochastic Oscillator: The Stochastic Oscillator is above 80, indicating that AAVE is overbought and could be due for a pullback.
Trading Strategy:
Bullish Scenario: If AAVE breaks out and closes above $115.6, traders could look to enter a long position with a target of $243.
Bearish Scenario: If AAVE breaks below $83, traders could look to enter a short position with a target of $60.
Overall, AAVE is in a bullish trend and could continue to rise if it breaks out above $115.6. However, traders should be aware of the potential for a pullback if the RSI and Stochastic Oscillator readings indicate overbought conditions.
This is not financial advice. Always do your own research before making any trading decisions.
DeFi Categories (PUMP) AAVE 102.70 >>> $239.00Everyone has already noticed the sharp rise in Uniswap (UNI/USDT), with all DeFi projects starting to grow actively. You already know the forecast for Compound; I've decided to include AAVE in the portfolio for the pump as well. The targets on Coinbase are promising.
Uniswap Foundation has published a proposal to reward some UNI holders. According to Coinmarketcap, the native token surged by 74%.
Entry Price: $102.70
Take Profit 1: $205.40 (50%)
Take Profit 2: $289.00 (16.6%)
Take Profit 2: $589.00 (16.6%)
Take Profit 2: $889.00 (16.6%)
So, when the price doubles, take out your initial investment; I've indicated the other targets. Secure profits evenly :).
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AAVE: Falling Wedge BreakoutTrade setup : Bullish breakout from a Falling Wedge pattern was confirmed by a break above the prior swing high of $95 (also resistance). This could signal a bullish trend reversal with +20% upside potential to $120. Stop Loss (SL) at $87, just below the prior swing low.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $80. The nearest Resistance Zone is $95, which it broke, then $120, and $130.
AAVE: Falling Wedge BreakoutTrade setup : Bullish breakout from a Falling Wedge pattern needs to be confirmed by a break above the prior swing high of $95 (also resistance). If it does, price could signal a bullish trend reversal with +20% upside potential to $120 thereafter.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $80. The nearest Resistance Zone is $95 (previous support), then $120, and $130.
AAVEUSD 4H Chart Shows Falling Wedge: Prime Buying Opportunity"While the AAVEUSD 4-hour chart is presenting a falling wedge pattern, signaling a potentially lucrative buying opportunity, it's crucial for investors to conduct their own research. This pattern typically suggests that the market could be gearing up for a bullish reversal, offering an attractive entry point for those looking to capitalize on AAVE's potential upward movement. However, the importance of personal due diligence cannot be overstated. Every investor should examine the broader market context, AAVE's fundamental strengths, and consider their own risk tolerance before making investment decisions. This approach ensures that one's investment strategy is not only informed by technical analysis but also aligned with individual financial goals and market perspectives."
⚡️AAVEUSDT CMC TRADING ⚡️ FALLING WEDGEAAVEUSDT has experienced a notable bullish breakout, forming a falling wedge pattern under the 4-hour timeframe. This breakout was accompanied by the significant breach of a long-standing trend line, reinforcing the bullish sentiment. Additionally, within lower timeframes, an inverted head and shoulders pattern has emerged, further bolstering the case for a bullish outlook on this pair.
AAVE to 60 USDAnalyzing the Potential Downturn of AAVE: A Descending Path from $92 to $60
As we scrutinize the dynamics surrounding the cryptocurrency Aave (AAVE), an in-depth analysis points towards a potential downturn, with the coin's value possibly declining from $92 to $60. Several key factors contribute to this forecast, including a breach below the established trendline, the likelihood of breaking through the MACD trend, and an emerging negative trajectory in the MACD indicator.
The first ominous sign is the breach below the long-standing trendline that has historically guided AAVE's price movement. The deviation from this trendline indicates a potential shift in market sentiment, suggesting a weakening of the previously dominant bullish trend. Market participants are advised to closely monitor this breach, as it often serves as an early signal for a broader correction.
The Moving Average Convergence Divergence (MACD) indicator, a widely followed momentum oscillator, further substantiates the potential downturn. The MACD trend is on the verge of breaking into negative territory, indicating a diminishing bullish momentum. This impending shift is a cause for concern, as it may trigger a reevaluation of positions among market participants, potentially leading to a cascade of sell-offs.
Moreover, the convergence of these factors points towards the likelihood of AAVE's value declining to the $60 mark. Traders and investors should exercise caution and consider implementing risk management strategies in anticipation of this potential downturn. It is crucial to remain vigilant in monitoring price developments, as sudden market shifts can occur, altering the trajectory of any cryptocurrency.
In conclusion, the analysis of Aave's current market dynamics suggests a plausible scenario wherein the coin's value may decline from $92 to $60. Traders are strongly urged to conduct thorough research, exercise caution, and adapt their strategies in response to evolving market conditions.
AAVE/USDT Bracing for a Bullish Swing Amid Downward Pressure? 💎 Paradisers, get set for an engaging trading setup with #AAVEUSDT. Despite a current dip, there's a bright spot on the horizon for a bullish pivot from the demand zone.
💎 Tracking #AAVE's recent slide, we've clocked a hefty 36% tumble from its zenith. However, as it approaches a key demand zone at $74.64, there's a stirring chance for a spirited bullish rally if it can cling to this momentum, aiming to breach a hefty supply zone above.
💎 The plot thickens if the price slides under $81.58. Gear up for a potential 9.20% gain before #AAVE reaches our targeted demand zone. Keep a sharp eye out; a descent past $74.64 would be our cue for a tactical shift in approach.
⚖️💹 AAVE Trading Strategy 🌐📊📊 Current Market Status:
AAVE at support at $81.50 - $84.
📈 Chart Analysis:
Identified support zone.
🔄 Longing Strategy:
30% Allocation: Take a spot long position with 30% of intended funds at $81.50 - $84 support.
30% at Breakout: Allocate another 30% once the price breaks through the resistance line.
Remaining 40% on Retest: Deploy the remaining 40% on a retest of the break of the resistance line.
⚖️ Risk Management:
Stop Loss: Just below $80.00.
Take Profit 1: Between $92.00 - $96.00.
Take Profit 2: Between $108.00 - $114.00.
📣 Conclusion:
Tightly managed risk in a volatile market.
Gradual fund allocation based on key chart patterns.
Trade wisely! 📈💡 #AAVE #TradingStrategy #CryptoMarket 🌐📊