Here's a quick look at AAVE 4 hr chart. AAVE has been forming a bigger symmetrical triangle for the past few weeks. The larger the pattern, the greater the movement. A big pattern leads to bigger moves. This Altcoin will outperform many other altcoins when it does break out (to the upside). Keep an eye on this.
Note: The volume has been decreasing alongside the price. Thats a bullish sign.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart. Targets: 1. 430$ 2. 495$ 3. 575$ 4. 750$
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BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
Nice chart, agree. DeFi has been consolidating for some time due to the DeFi futures contract. Expecting a breakout soon with AAVE, SNX, etc... AMP has already started its breakout.
MBM_Crypto
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@TheKitchenTrader, absolutely. NFT's has been going crazy the last few days/weeks, and now its DEFI's turn for sure :) To the moon :D