Aave looks ready to pump back towards the upside to previous ATH. Buy signal on the 30m chart, 13 EMA crosses up the 50 SMA showing bullish momentum back to the upside from the recent support levels.
Aave finally looks to be cooling down but dont give up just yet. We have a test on the heart line coming up. If it pivots we can easily see it heading towards one k. If not it will test the bottom of the channel. At this point in time it may be hard for ethereum defi to keep up as eth gas fees are astronomical and ppl are fleeing. Where should they go for cheap...
*Swing trade opportunity*
Why that price? No other reason than the golden ratio retracement. Previous corrections in price action has shown a lot of respect for the 0.618.
Why bearish? On the above 5—day chart Stochastic RSI is crossing down 80 (circled in orange) following an overbought condition (green column). Look left - don't ignore cross downs of the 80 on...
Hello, Traders!
AAVE is the market leader in the Defi altcoin market.
The asset is currently consolidating after rising in the $408-$538 range
In a retracement, you could try to buy the asset on a pullback in the range between $422 - $454
Stop Loss should be placed at $392
Targets on Fibonacci extension levels based on trend
$538
$566
$638
$682...
Bat formation printed on AAVE finding support around 405. There was quite a pullback in the Alt world today, with BTC.D looking to appreciate a bit more.
Most pairs I look at are spiking off of support levels so I'm not entirely certain what market conditions will hold.
Best thing to do is....nothing.
If Aave shows me some convincing PA, I'm willing to take a...
Entered a buy after price completed a Gartley Pattern outside the broken TL and strong support. Looking for price to complete either a Cypher or another Gartley. Will be looking to take profits at the Midline since that will be the closest area of resistance, leaving some money on the table but peace of mind, which is priceless.
