🤹AAVE- 2021 downtrend near its end?
AAVE was in a downtrend pretty much all throughout 2021. The recent pump got rejected at dynamic/static resistances, but the price is now back at important support zone(green), giving us a solid pre-breakout entry:
Entry(pre breakout): buy between current price -- 210.0 -- or buy first given pullback once the price breaks above 281.6 (safer entry)
Targets:
252.4(short term)
281.6(short term)
and then:
341
427
461
487
538
612
668
----------------
About AAVE:
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Source: coinmarketcap
Entry(pre breakout): buy between current price -- 210.0 -- or buy first given pullback once the price breaks above 281.6 (safer entry)
Targets:
252.4(short term)
281.6(short term)
and then:
341
427
461
487
538
612
668
----------------
About AAVE:
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Source: coinmarketcap
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