AAVEUSDT: Ready for yet another run! Explained by Trader_ph
AAVEUSDT: Ready for yet another run! Explained by Trader_ph
Hello traders! Today I will explain AAVE with Technical Analysis. Don't forget to like and subscribe my TradingView Account.
Here is my analysis for AAVEUSDT:
1. bullish Breakout in Wedge-shaped pullback(Bullish)
Breakout in the wedge is very strong. A Solid green candle with 4x more height compared to the last bar, breaks the upper boundary of the wedge with ease.
2. 5 bars before the breakout, triple supports treat as jump board for the price(bullish)
There is a $240, a Moving Average Channel Support, and wedge lower boundary support. This served as a strong pusher to break the wedge. Very bullish, indeed.
3. Yellow(strong) volume bar on breakout bar(bullish)
A yellow-colored bar on a breakout indicates a big number of participants in a bar. The breakout bar's volume was very strong. This indicates also that the bears have retreated away.
4. Light Blue(normal) bars indicate wedge is a healthy pullback
A group of light blue/blue bars on a pullback is a sign that the wedge is a healthy pullback of the current bull trend.
5. Effective Divergence Indicator gives confirmation of the breakout
The EffDi indicator that I invented broke its own downtrend. This is a confirmation that the breakout is very valid.
6. Mild pullback after breakout did not happen yet, likely pullback to Fib 0.236
The Fib 0.236 has been broken with ease as if it wasn't there. However, there was no pullback yet. We may have a pullback to the $255 of Fib 0.236 before continuation.
7. AAVEUSDT performing way better than BTCUSD
If a cryptocurrency is performing about 5% better or more than Bitcoin, this cryptocurrency usually explodes if TA supports it. AAVEUSDT is one of them. Get ready!
AAVEUSDT's TA gives us many bullish signals that we should take into account. Good luck AAVEUSDT!
Forget not to like and subscribe for more posts like these? What pair do you want to be analyzed? Tell me in the comments!
Indicators used:
Volume Heatmap by Xdecow
Moving Average Channel by trader_ph(private)
Effective Divergence Indicator by trader_ph (open-source)
Hello traders! Today I will explain AAVE with Technical Analysis. Don't forget to like and subscribe my TradingView Account.
Here is my analysis for AAVEUSDT:
1. bullish Breakout in Wedge-shaped pullback(Bullish)
Breakout in the wedge is very strong. A Solid green candle with 4x more height compared to the last bar, breaks the upper boundary of the wedge with ease.
2. 5 bars before the breakout, triple supports treat as jump board for the price(bullish)
There is a $240, a Moving Average Channel Support, and wedge lower boundary support. This served as a strong pusher to break the wedge. Very bullish, indeed.
3. Yellow(strong) volume bar on breakout bar(bullish)
A yellow-colored bar on a breakout indicates a big number of participants in a bar. The breakout bar's volume was very strong. This indicates also that the bears have retreated away.
4. Light Blue(normal) bars indicate wedge is a healthy pullback
A group of light blue/blue bars on a pullback is a sign that the wedge is a healthy pullback of the current bull trend.
5. Effective Divergence Indicator gives confirmation of the breakout
The EffDi indicator that I invented broke its own downtrend. This is a confirmation that the breakout is very valid.
6. Mild pullback after breakout did not happen yet, likely pullback to Fib 0.236
The Fib 0.236 has been broken with ease as if it wasn't there. However, there was no pullback yet. We may have a pullback to the $255 of Fib 0.236 before continuation.
7. AAVEUSDT performing way better than BTCUSD
If a cryptocurrency is performing about 5% better or more than Bitcoin, this cryptocurrency usually explodes if TA supports it. AAVEUSDT is one of them. Get ready!
AAVEUSDT's TA gives us many bullish signals that we should take into account. Good luck AAVEUSDT!
Forget not to like and subscribe for more posts like these? What pair do you want to be analyzed? Tell me in the comments!
Indicators used:
Volume Heatmap by Xdecow
Moving Average Channel by trader_ph(private)
Effective Divergence Indicator by trader_ph (open-source)
