Aave
$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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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
Huge eventual buy areaIf BTC is able to hold above the 21 weekly, we could see the 21 weekly pointing to the upside in a couple of weeks.
We have a lot of support around the 45k area, on my view, could be a great place to buy.
52k is a huge wall, but I still think we have space to get there if the S&P trends upwards in the next days.
$AAVE/USDT 3D (#BinanceFutures) Falling wedges on supportAave is looking bottomed here on High Time-Frame (HTF) and is very likely to bounce back on historical demand zone.
Current Price= 132.77
Buy Entry= 131.50 - 117.30
Take Profit= 169.60 | 220.18 | 275.84
Stop Loss= 93.45
Risk/Reward= 1:1.46 | 1:3.09 | 1:4.89
Expected Profit= +36.33% | +76.99% | +121.74%
Possible Loss= -24.88%
Fib. Retracement= 0.236 | 0.441 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 6 months
Tags: #AAVE #AAVEUSDT #Yield #Farming #Lending #Governance #DAO #DeFi #BSC #SolEco
Website: aave.com
Contracts:
#ERC20 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
#BEP20 0xfb6115445bff7b52feb98650c87f44907e58f802
#AVAXC 0x8ce2dee54bb9921a2ae0a63dbb2df8ed88b91dd9
#SPL 3vAs4D1WE6Na4tCgt4BApgFfENbm8WY7q4cSPD1yM4Cg
#Fantom 0x6a07A792ab2965C72a5B8088d3a069A7aC3a993B
#Polygon 0xd6df932a45c0f255f85145f286ea0b292b21c90b