On the above 3-day chart price action has corrected over 80% since the all time high in May 2021. A number of reasons now exist to be long in the near term, including:
1) Two buy signals ‘great buy’ on the 3-day (don’t ignore)
1) A ‘Incredible buy’ signal on the daily (below).
2) Price action on the daily is on the 200-week moving averages (SMA, EMA, & RMA) following the buy signal. Certainly not to be ignored.
3) Weekly price action approaching past resistance as support.
In summary AAVE remains in a bear market on a the weekly like a lot of others tokens, does this up and coming move pull it out? I don’t know, a wait and see game I’m afraid.
Good luck!
WW
1-day incredible buy on 200-week SMA/EMA/RMA
Weekly price action
1) Two buy signals ‘great buy’ on the 3-day (don’t ignore)
1) A ‘Incredible buy’ signal on the daily (below).
2) Price action on the daily is on the 200-week moving averages (SMA, EMA, & RMA) following the buy signal. Certainly not to be ignored.
3) Weekly price action approaching past resistance as support.
In summary AAVE remains in a bear market on a the weekly like a lot of others tokens, does this up and coming move pull it out? I don’t know, a wait and see game I’m afraid.
Good luck!
WW
1-day incredible buy on 200-week SMA/EMA/RMA
Weekly price action
Trade closed manually
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.