The probability of further upside following a massive 196,000%!! return since August 2019 and two overbought conditions has reached a limit. The risk / reward now belongs to the sellers. Why bearish? On the above weekly there a number of significant developments: 1) Price action has recently broken the 21-week EMA (yellow line), came back up to test it as...
Similar scenarios can be seen along this down channel on AAVEUSD Both resistance turned support lines (yellow) are parallel
I have became bullish on AAVE after Elon musk appoints AAVE's founder as Twitter Interim CEO. The H&S might be valid after a break below it's neckline and this W pattern will be invalid as price will go down hard. Anyway; keep watching $BTC for a confirmation.
Hi Traders AAVEUSD (1H Timeframe) The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 155.2 support level. Only the upward break of 178.2 would cancel the bearish scenario. Trade details Entry: 155.2 Stop loss: 178.2 Take profit 1: 140.8 Take profit 2: 117.7 Score: 4 Strategy: Bearish Breakout
AAVEUSD seems to be at the end of the correction and is looking for a request to climb. If the area from 120 turns out to be a strong support area with a lot of demand, I aim to go long.
Hello Traders, The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model. A break of the support zone nullifies this set up. Look at related Idea for a broader picture.
The potential situation for AAVE's price. Price will likely continue to rise as long as BTC is heading toward the 43-44k region but would most likely be overbought and potentially crash down.
This guy... Anybody seeing this? This is going places and that little red line in the middle can be called resistance. Soon, the line will have a new name, lets just call it support. This thing has been working on a come-back since it began losing to the quick profits of those enlightened. However, today is not yesterday, and this guy is no baby anymore so the...
Chart reveals everything. Fundamentally, AAVE is a push for banking without middleman.
Support & Resistance area R2: 690 $ R1: 280 $ S1: 92 $ S2: 26 $
We have a high velocity down wave that shows us a quick imbalance in price and fear that made this coin fall fast. However, within that bearish wave is the hidden bullish momentum when we extract the fear. Once the greed sets in, AAVE will return to the previous levels quickly and fill the gap in imbalance.
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AAVE at next sell-off ?? December 27th 2021 we had 30.08% in profit - that was the last local high. Today 31.88% are in profit - will we see profit taking soon? What do you think? On-chain data by @intotheblock Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
Aave was in a descendent channel (low yellow and blue line). Likely, it just broke it. It has very little transversal resistance so it might go to near $270-300. It crashed after the double top, then the war so it built the descendent channel. The problem is that it has a lot of resistance at "PSY" before the previous distribution cycle and "PS" when it started...
The most obvious scenario confirmed. After the rejection at 0.236 Fibonacci level, AAVE is testing previous resistance level at $213, if it fails (probably), next support is around $192. Last support to continue its uptrend is $170. The new threats of energy crisis, etc. may drag price so low. We will see in the next days. Investing is a probability game. Try for...
Harmonic playing out nicely. We entered the order block for a higher target. These take time to cut through. Our worst enemy is patience imo
Update: As expected, breakout occurred yesterday in relatively high. Today AAVE find local resistance at 26.60% Fib lvl. After a breakout, a correction -test of the previous resistance lvl - is the most possible scenario. So, A ‘normal’ support is near $215 or $192.81. Investing is a probability game. Try for consistency, there is no perfection in this. Not...
Update: AAVE reached my W-shape pattern - target of $200 A correction to the area $156 is very likely IMO since we are overbought at the moment. A confirmed break of the resistance channel is the next thing all bulls love to see. Are you bullish on this Crypto? Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial...