AAVE has underperformed the last few months since the may crash. I think with the COVID news it's gonna struggle to keep support here and create new lows, especially with BTC being as fragile as is.
I'm only risking 1% of my portfolio here, 0,25% for first TP and 0,75% for the second TP.
TP1: $189 with 0,25% risk for 3,87R
TP2: $112 with...
* AAVE in daily time frame forms a Ascending channel pattern.
* Ascending channel appears when the price moves between two parallel ascending trendlines forming higher highs and higher lows.
* If AAVE breaks the lower trendline of the pattern we can expect a drop till $251 and to continue the uptrend the price needs to move within the pattern or break the upper trendline.
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...
The price has crossed the kumo cloud and now is below the cloud, in the meanwhile the baseLine and Conversion Line had a crossover as well as the fact that EMA50 has been crossed too and now is acting as a resistance, on the 4H chart we can see an obvious trendline breakout which gave us lower highs and lower lows plus the FIB 0.618 (Golden Number) happens to be...
As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
AAVE is moving in symmetrical triangle and since 25th March, after touching S2, it bounced back and is now moving in an upward trend.
What would be interesting to watch is if it continues to move in the same upward channel. So far EMA 25 is working as support. Looking at the trend there are couple of possible scenarios
Scenario 1 - AAVE to move in an upward...
The crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
AAVE Fully Diluted Market Cap $6,912,753,731
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET...
Before describing the chart, I should mention 2 points for newcomers that can also be a reminder for all..
First lesson to be taken in financial markets is that no trend is supposed to be forever ascending or descending.
Second lesson is finding the accurate entrance point and patience... Without patience we will miss all trends, either upward or downward.
The rise is over. I've covered my longs.
growth on lower volumes
I'd rather wait for the market to correct. or go higher))
You will learn the best place where we can trade this instrument at low risk.
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