Technical Analysis Summary (POLKADOT)
We have 2 downtrend which is currently active in red.
The wider (weekly trend ) is stronger than the Daily trend.
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Yellow support level...
This is AAVE breakout scenario in ascending triangle pattern, this pattern is bullish pattern, if AAVE breakout this blue resistance, AAVE will go to $500, this analysis will be invalid if AAVE break white trendline.
AAVE is very undervalued right now. It is in a good buying zone around the $302 key level. Personally, I wouldn't recommend dumping your whole account into this. You could start DCAing slowly and see where it goes in the upcoming days. BTC dominance is in an uptrend. Once it crumbles, AAVE is going to make big moves; since it is one of the tokens that didn't move...
broke below the previous zone of support from earlier in the year
is now showing slight bullish bullish MACD on this recent lower low in price action
previous daily candle also rejected the previous zone to the downside
if price action can get back above this zone and the negative momentum begins to fall I will being to look to ride price action the upside...
We haven't updated the idea for AAVE for half a year
Those interested can see a series of ideas on AAVEUSDT in our profile, where we described in some detail the project and our thoughts on possible future price movements.
If you look at the current AAVEUSDT chart, you can see that over the past 10 days, buyers have become more active and were able to raise the...
AAVEUSDT cerection is not finished yet and need to go more down and then recover itself.
the target is shown in the chart, we consider 2 target, if tg1 break tg2 will be enabled.
Good luck guys, stay SAFE.
We do not know what is more frightening for market participants at the moment - the past panic wave of the fall or the very passive recovery of the cryptocurrency market . Indeed, if we look at the charts of most coins, we see that an attempt to start a new wave of growth looks very dubious. Low trading volumes and a strong decline in volatility give the...
Apparently the price returns to touch the VMA after having made a triple low above $ 300.
What will happen now?
Will the movement be strong enough to end the month hitting $ 400 again?
We come from a sustained (and consolidated) correction movement that has been taking place since around the beginning of March and that in some way is a good consolidation...
In the previous idea , we assumed that the growth would end around the level of $310-390 . After all, it was there that the level and the upper limit of the channel crossed, where the AAVEUSDT price was moving for a long time.
And what we see on the chart, from the level of $312, we received a slight correction and further insane growth continued.
Our previous idea did not work as we would like.
The correction that was supposed to have failed, and the AAVEUSDT price immediately aggressively move to the level of $194 , and only from there was a more or less correction to $150.
However, buyers' aggression did not allow the AAVEUSD price to stay there for a long time and fired a rocket upwards.