BINANCE:AAVEBTC very positive, after supported buy the buyers above important support area,
Recently attempted to break above the consolidation structure, forming higher low.
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Disclaimer: This information is...
A fair few crypto currencies are currently stuck in a range against BTC at the moment but showing bullish signs.
Still a bit to clear yet but the momentum is pushing these coins to the upside towards the resistance of the range.
Chasing the trades from here could be lo probability but the confirmation of a break out of this range could see us move higher with an...
- AAVE/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.0101)
- Limit entry: test of the ascending triangle's inclined support.
$AAVE forming #bullflag on 1h chart. Now bouncing of top line, so i expect a retrace to support area, entry between 7900 / 8000 seems valid, then bounce back up. When AAVE falls through support and closes 4h or daily below, it need a retest as conf, if not then it move down more and this idea is invalidated.
We have seen some pretty good days for AAVEBTC since our last chart.
We have 6 consecutive green candles and what I call "bullish consolidation".
This takes place when prices are consolidating while at the same time printing green candles.
The RSI is ready strong and so far no sellers to be found... Additional growth is possible.
Conditions for change
AAVEBTC moved up multiple levels in January and has stablished a new support.
We can see a low hit mid-April when MA200 was tested as support.
In late June just by a few satoshis we now have a higher low.
With prices moving back above MA200, a bullish cross on the MACD and a strong RSI... Prices can resume it's growth.
Generally, we first aim at the upper part...
AAVEBTC is testing the weekly support. The price could have a bounce until 0.5 Fibonacci level. According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
This is how i made 78 billion yesterday, JUST GONNA HIT 100 BIILION and call it for today. Waiting for damn live accounts to get verified, I straight killed my demo account.... Deja Vu all over again, in 2017 I was using NADEX and did the same thing except they give you 10,000 demo account and I turned that in 600,000 in 5 hours just trading gold.
Retesting 2020 yearly high level
UCTS remaining bearish across the board on this asset for now (sell signals / 15% since latest 2D Sell signal)
If fails to hodl here, then looking toward ~570k sats(~25%)
Staying on the sidelines till a change on the trend happens