There is good chance AAVE will finally break the range here. Pullback would offer great entry but might also not see it because we got one into the mean of the range already.
DEFI Index is also moving up.
Just noticed this on the chart forming over the past few days, a nice cup and handle pattern and confluence with the MACD cross over on the 1 hour. Could AAVE be poised to break new ATH?
Note: This is NOT financial advice, please do your own research. Just wanted to share what I found to be potentially and interesting chart pattern.
AAVE has had a useful support/resistance range($425-$400) since the start of February(currently acting as support) along with the 200 SMA and the RSI being close to becoming oversold. This is a beautiful setup especially with the slight correction we had yesterday. Lots of upside on this play with a boatload of support currently. Buying a few AAVE and riding it...
Aave remains in a strong accumulative phase ranging between a vast range between $294-$460, considering the strong gains AAVE has had over the last 1 year+ it is expected that we see a long accumulative phase before we can push again as the asset needs to correct in time to build the momentum to move higher. As seen in chart we are currently sitting above the...
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(AAVEUSD 1W chart)
We have to see if we can get support at 437.866003 and rise above 505.364160.
If it falls, we need to see if it...
AAVE's been pulling out all the stops since yesterday. It's looking to leave the TR and head up to the fibs, but not without a series of overdue corrections most likely. Or not. Who the hell knows in these crazy markets. Whatever happens, I anticipate strong bullish continuation till it reaches its final destination. I get lots of questions on stop-losses and when...
so this finally indicated a direction at the very end of that huge wedge....then BTC dumps..but now it's looking pretty cup w handle ish and i like how theres a second- confirmation low within the cup. beautiful rounded handle and a clear neckline...about to go positive on the 4 hr w class A hidden bullish divergence. the measured move of the cup takes us beyond...
AAVE is prepping to go the distance. All the forensic whale signs are there: stealth absorption, accumulation spikes, secret supply sell-offs to maintain low trading range volatility (so as to not cue the retailers of a pump). All that to say this: I'm buying the bloody candles right alongside the whales, and I plan to dump my AAVE on the same retail traders...
In my opinion, now it is a good time to buy, and as price goes up to test the high, move to break even. The risk is that the structure would complicate itself, transforming into a flat. In that case price will go down to test the wave (a)