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colbyadd
Jul 25, 2021 3:35 PM

AAVE - Fibonacci Retracement Test Successful Long

AAVE / TetherUSBinance

Description

AAVE successfully retested levels and as long as it closes over $260 today, I’m looking for a run to $330.
Comments
colbyadd
Target reached.
colbyadd
Thanks for commenting. I’m curious why you believe it is overvalued. I’ve personally used AAVE for yield and it has been great and I believe there’s a substantial amount of users. Albeit, I’ll admit that just because there’s a large user base doesn’t mean it still can’t be overvalued. My main assessment on the trade, of course, is just using technical analysis. Any fundamental analysis input is appreciated.
wealthjustin
Overvalued
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