Hi All,
I did not see this earlier otherwise it would have been a great opportunity.
AAVE is on FTX and Binance and a few other exchanges.
Its one of the recent great performers, and in the past, it was called LEND which performed well as part of the defi sweat.
On the small time frame, we have a trend, using the 1 hrly chart along with the EMA.
Now we are looking for the continuation of the uptrend so we need a higher high.
If we get this, then its an opportunity to jump in.
Additionally if it slips past the point as per my chart, we can assume BTC also is breaking a key level. Hence short opportunity is there.
All the best,
S.SAri
How to trade this?
I did not see this earlier otherwise it would have been a great opportunity.
AAVE is on FTX and Binance and a few other exchanges.
Its one of the recent great performers, and in the past, it was called LEND which performed well as part of the defi sweat.
On the small time frame, we have a trend, using the 1 hrly chart along with the EMA.
Now we are looking for the continuation of the uptrend so we need a higher high.
If we get this, then its an opportunity to jump in.
Additionally if it slips past the point as per my chart, we can assume BTC also is breaking a key level. Hence short opportunity is there.
All the best,
S.SAri
How to trade this?
Note
messy but its done a HH. If you havn't entered, look for this closing as bullish candle. Use the 2 hr or 4 hour chart.
Note
I noted that the SMA does a better job with the trend on this.Here is the Binance version
Note
I now have 2 areas of interest, fib levels. Really depends on what BTC is doing at the time, its levelNote
A beautiful trend, that can keep going.Note the difference between the shorter time frame where the MA cross over and a trend where they dont. The vertical purple shade script gives the cross overs.
30 min chart
1 hr chart
hence use the 1 hour chart for finding next entry if you get stopped out.
Note
Note
Got stopped out and now I switch to the 8hrly. Looking for bullish candle stick formation as the trend is still good.Trade closed: stop reached
fizzled, not goodNote
Looking for the next entrance, currenlty playing out the bearish div. and I have this level of interest. Its also possible the 0.5 fib level can hold, if its really bullish as it seems to be.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.