AAVEUSD is testing the MA200 (1d) after a rebound on Support Zone (1).
If broken, this rally will most likely be extended to the Falling Resistance Zone, as the prior two did.
Trading Plan:
1. Buy either on a pull back to the MA50 (1d) or if the price crosses over the MA200 (1d) first.
Targets:
1. 83.000 (a little under the Falling Resistance Zone).
Tips:
1....
With the recent stoppage in selling within the crypto market, I introduce an idea with AAVE and crypto overall.
During this trade, high volume in AAVEUSD COINBASE was noticed, along with a flag formation.
The entry is the CROSS-LINES HIGHLIGHT YELLOW, with stop loss red and green area for potential selling.
With Increasing ATR and volume , we can expect this...
We are literally sitting at the golden pocket play. Move up looks somewhat more impulsive than the one that just came down.
Btc is the boss. If it goes, everything goes.
But this is not the time to short, maybe long rather.
good luck
I previously posted that AAVE could hit 64.00 or 140.00 or both. Considering the level of active development on AAVE, the trends in defi, AAVE's current market cap, and the RSIs on daily, weekly, and monthly time frames, and the rising channel the price is in, $140.00 looks close and the current price looks like an interim bottom.
The upside target is from the weekly head and shoulders and the downside is the bounce off the triangle back to the neckline. Before you think too much of this idea, realize I'm not a professional and I don't have any rated or proven skills at this. This is just what I see.
NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
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Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
What do you think about this TA? I have a very strong feeling we push up a little bit more before the big drop happens :)) Another dooming bear period to bully you all out of crypto then finally the moon comes.
If we get an Altcoin run = Yellow
If tanks keep on tanking = Red.
If we are having a tripple zz pattern with 2nd X being a barrier triang (where wicks are ok in overpassing a flat TL of the triangle), we can for sure say that the next 3wave zigzag move will be the last corrective pattern before this ends the correction.
Aave looks like it's building momentum that could break out of the bull flag/pennant. A break out of this formation could lead to $175 move in fairly short deration.
The technical trade is the break out and a hold of the break out. If it were to fall back in the zone it is considered a fake out.
Either way you cut it, AAVE is good price here for long term...
AAVE has gained popularity and thus its price experienced significant growth. The current corrective wave is about to break the downtrend line; have to wait and see how the price behaves after the break.
AAVEUSD has closed two 1D candles over the Channel Down pattern of February and has validated a new rally on the 1D timeframe which is on very healthy bullish technicals (RSI = 68.966, MACD = 3.550, ADX = 52.986).
As long as the 1D MA200 is turned into Support, we will be bullish targeting the R2 (TP = 95.000).
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If you are an Elliotitian, everything is clear.
If you arent, no worries, there is yellow path which means bottom is most likely in.
Red path says that there is more pain to come.
Bare in mind that this is a log scale and that linear scale looks much more scary when it comes to a huge drop of this asset.
One of the support areas that should be considered is...
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Not financial advice, you do you
Looking for a potential move down here but a flip of the 66.92 level would be ideal for the bulls.
Doesn't look good for AAVE , it's coiled in a bearish symmetrical triangle and I expect another touchdown of the trendline. We could see a short relief rally to the %61.8 before it heads lower.
