$AAVE.X is creating a bullflag after the price bounced on 0.618 Fibonacci level. IF the price will have a breakout upward, and flip the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
The wild growth of AAVE has finally come to an end. Whether this is a temporary halt or the beginning of a global correction is still unknown. However, the purpose of this idea is short-term speculation . So let's look at an interesting scenario in which we can catch 20% of the price movement.
As you can see in the chart, the AAVE price is now breaking the...
according to my count, price is in the local wave (iv) that may still go a bit down to the fib level 1,38 before resuming its trend to the upside.
Current bollinger bands 20 support may also indicate that the correction is complete.
Quick post to inform of near term levels of interest.
Drag DOWN on PRICE scale to see zones above/below.
Drag RIGHT on the TIME scale to see more history/fibs.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
AAVE is looking for a break in this ascending momentum. Indicators are looking rather bearish short term, so I would not be surprised to see us re-testing the support line at just under $180. My short term bias is thus bearish.
This diagonal support on which we rallied since early January seems to reach it's final stages. Thus I expect us to break-down soon....
The AAVEUSDT idea has not been updated for more than a month, but it's time, because the previous idea worked out only for the first target of $63.
And then the rebound turned into a powerful growth , which still continues.
Though, this growth has reached the Fibo level, similar to the Fibo level BTCUSDT at $42,000, and we know what happened with...
Just my own analysis for this coin. I think the bull market for this coin is done? or maybe can go to the moon again. Let' see next month if BTC will correct next month expect this coin to correct.
It appears that AAVE has finished a WXY correction with a reaction at the 1.382 extension. This has created a potential Long opportunity with a stop loss at the 1.382 @ $63. The initial range for targets to the upside is from the 1:1 @ $106 to the 1.382 @ $128.
If this begins to move impulsively, I will look towards the 1.618 @ $141.
aave after pushing uptrend eagerly needs a correction and then can get to 95$ retest point and the reaching to 100$ psychological level and then get in to 112-114$ in just 3 days from now.
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