Price is currently testing the 50% level and the top of the descending channel. As demand rises for AAVE, we will get the momentum needed for this break. (soon imo). Check comments and links for my previous analyses.
Let me hear your thoughts.
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Got the break...waiting on the retest, and we're off.
looks like a wave 4 on the ELLIOTT WAVE ging to wave 5
TWIMARKETCAP
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@AmarPearson Bitcoin already reached fib 0.618, but Tether just printed 1.15 billion in the last 24 hours, so that changes everything. It might just continue up. Probably same with AAVE
N0ST0PL0SS
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@TWIMARKETCAP, Yup, I looked into what you said about Tether a bit more. Read about some legal troubles either with the NYAG. Planning on phasing out of tether into BUSD possibly or another before things hit the fan.
TWIMARKETCAP
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@AmarPearson, true, if things hit the fan, I am not sure where is the safe heaven, btc, defi an alt or a really backed stabled coin. Everybody will like to move to USD and not all the exchanges have USD and if they have they don't have enough. Also, I don't think Tether will collapse that fast, first, they will probably get ban from printing, then exchanges will remove them.