AAVE is currently trading at $254 and has a weak support at the 0.618 fib $234. If it can stay above this fib and turn this zone to support, we could see a move towards $280, $355 and $475. Failure to hold the support could lead to a drop to $220, $200, $177 and $159.
I won't go much into technicalities but more into project fundamentals.
DeFi looks like it's going to explode in 2021 at only about a 30 Billion dollar market cap.
It's basically in infancy. And for me, by the end of 2021, it could grow by tenfold.
When it comes to AAVE, 3 billion dollars is locked into AAVE alone - It's the largest crypto DeFi project by...
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
We need to see if we can get support from the 243.403953-257.782366 segment and climb above the 315.296026 point.
If it falls between...
Even though AAVE is looking bullish on most high timeframes, you can see overbought areas and some sell signals on lower ones.
You can use a stop loss if you want to long from this values.
Buy and Sell Signal forecast on 3 timeframes:
Sell on 2 hour timeframe
Buy on 7h timeframe
Buy on 3 days chart
If you are interested to test some amazing BUY and SELL...
AAVE gained 100% in 5 days last week.
It's ready to gain another 100%, in a very short time period. Most probably next week.
For me, mid-term target is at least $1000 where I might start taking some profits.
Not a trading advice.
#AAVEUSD Technical Analysis Update
Waiting for the Resistance zone Breakout in 4h chart
AAVE/USD currently trading at $89.60
LONG ENTRY: Above $100 (Only enter long if 4 h candle close above $100)
STOP LOSS: I will update once I see the Breakout
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, |...