AAVE has been relatively subdued so far in 2023, achieving only (!) a ~84% increase since Jan.1, when it showed a strong impulse off of the double bottom at the end of 2022. It has played out that impulse and now sits below the strong band of resistance between $90-$100, though it has turned the daily 200 MA to support. If AAVE can break above 94.36 high from...
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Crypto Altcoins
#CryptoWhale100Billion Alt Coin Analysis: AAVE
My Analysis shows that AAVE will increase to $65-$67 and return to resistance in the next few weeks. AAVE showing slow sales after the meltdown. Buyers are holding the $51-$54. Possible another down before running to $51 and back up to $65.
RSI showing a good bullish move. Small sales showing on...
The AAVE token (AAVEUSD) closed yesterday above the Lower Highs trend-line that has been in effect since the August 13 High. The 1W RSI closed last week above its own August Resistance that has had the same rejections as the price's Lower Highs.
The stochastics are overbought so some consolidation is in order now especially with the 1W MA50 (red trend-line)...
Next support not till #39- the extension on an inverse fib on the daily. There's barely been a sufficient 38% pullback on the move to make it to that extension though, so I think the pullback will happen first. I'm choosing the 50% inverse fib level as the target, since that most closely lines with the body of the candles on the month chart.
Also, stoch RSI on...
Usually, the appearance of a descending triangle is an indicator of a trend continuation. In the AAVE case, this is a downward movement to $26 area. Subjectively and speculatively, I'm not sure that we will see these target, but so far everything looks convincing and the goal in breaking through the triangle may be quite achievable.
The information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and recommenders. It should not be interpreted as a buy-sell recommendation or a promise of return on any investment instrument. These views may not be suitable for your...
Many of the top Defi projects will play a key role in the new world and web 3, AAVE is very well positioned and once the flood gates open for institutions to use DeFi it's game over.
consensys.net
If you take an upward trend measurement from the 2019 lows for AAVE you get the white support line when extended to present.
The yellow line that slices through the middle of the chart is a weekly average price line (WAPL). You can see that AAVE spent around the first 50% of its life below the WAPL(circled in blue), and the second 50% of its life above the WAPL...
On the weekly chart, BINANCE:AAVEUSD showed a reversal doji candlestick as well as it is traded around a demand zone. Additionally, two patterns has been formed, the double bottom pattern, and a falling wedge. These signs could signal an upcoming bullish trend which targets previous highs.
Hi Traders
AAVEUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 53.30 support level. Only the upward break of 63.30 would cancel the bearish scenario.
Trade details
Entry: 53.30
Stop loss: 63.30
Take profit 1: 47.20
Take profit 2: 40.60
Score: 8
Strategy: Bearish breakout
As we look at the hour chart of AAVE, I am seeing a little more downside, which hopefully we finish off today and look for a sharp rally above the $70's. I will be keeping an eye on this crypto as it continues its last decline.
It appears we MAY have a bottom in on AAVE. Looking at the fib levels you can see we have had a strong bounce off the .886 level and looking to push higher.. much higher. Even if this turns out to be a C-wave there is still a mass amount of % to be made to the 1 level of Fibonacci. We will look at this again when we close in on the first fib level which is 1.
