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AAVE is sitting around a support area so we will be looking for buy setups on lower timeframes.
on H4: AAVE formed a valid trendline in orange and an inverse head and shoulders as an add-on. But it is not ready to go yet.
Before we buy, we want the buyers to take over....
1H trend chart
With all market falling before, AAVE is forming a descending triangle.
It is approaching to the end of triangle.
If price can break it out w/o long upper shadow line, trading strategy as below.
a) 326.7-----(Blue horizontal ray)
AAVE now in accumulating stage that is normally happens when Market Maker collecting his position.
In case of breakage of structure movement can be quite strong.
AAVE is the main driving force, accounting for 46.4% of all TVL Avalanche. TVL has grown by 284% this week.
4H trend chart
AAVE is forming a potential inverse head and shoulders pattern.
If price can keep standing firm at $324.85 in 4H chart, this H&S will be completed.
a) 324.85-----Red horizontal ray
If you like this analysis, smash...
- Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets.
- Current rank 30 on coinmarketcap + Volume 24h $651,835,502.
- This is my Elliott wave count - we are currently in the next Impulse wave to the upside!
- Next target is 1:1 trend-based fib extension for next Elliott wave.
- For expected duration of the trade,...
I market my level longs ago. Finally AAVE gave me opportunity. Aave is a very liquid coin and one can play big positions.
I'm looking for the highs to be taken now. It's a high probability setup. All I need is patience and plan to finish.
All the best!
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
This coin is one of the popular for traders
In here we are in a daily time frame and after the key the trend was changed and now we had pullback with hammer and this time we have nice R/r for take profit .
We checked the chart on 4H time frame and in there we see the same there as we see in daily time frame , its time to buy when that hammer was...
AAVE is looking super bullish with the strong resistance coming closer everyday AAVE just formed a bullish HARMONIC pattern which indicates that it is ready for a massive breakout! If you don't know, AAVE has some events coming and very strong news that can take the price upside and in future we might see AAVE performing very good. Some quick Take profits are...
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AAVE is very undervalued right now. It is in a good buying zone around the $302 key level. Personally, I wouldn't recommend dumping your whole account into this. You could start DCAing slowly and see where it goes in the upcoming days. BTC dominance is in an uptrend. Once it crumbles, AAVE is going to make big moves; since it is one of the tokens that didn't move...
Şu anda omuz-baş-omuz şablonunu bitirdi ve üçgenide gitgide daraltıyor. Biraz daha böyle devam edip orta vadede iyi kar ettirebilir.
440$ - 450$ direnç noktasına varacaktır.
Yatırım tavsiyesi değildir. Kemdime nottur.
Crypto Market looks better than ever, few news on BTC with huge impacts! BTC might needs to cool off a bit, before ALTs push higher with the moneyflow from BTC profits into ALTs. AAVE is a very solid and good project, TA wise we have two important resistances in red and a bullish descending broadening wedge, as you can see on the image and chart.
If AAVE breaks...