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Aave

AAVE - Technical review and analysisAAVE has registered a complete range trend during the last week. Although the price of AAVE broke the trend line support, the buyers provided good support again due to the existence of static support below the $60 range. The positive reaction to the price of 58 to 60 dollars has caused a 9% growth and hit the resistance range of 63.5 to 66.6 dollars. If more support from buyers this week can bring the price back above the blue resistance range, we expect the AAVE currency trend to remain bullish for the short term. We can consider short-term targets in the range of $68-$70 and $80 range. . Note that the overall trend of the currency is still bearish on the higher time frames, and due to the last strong bearish wave that took the price to the $50 level, a break of the $70 minimum resistance is needed to change the trend.
by MonoCoinSignal
The specified targets can be available to buyers!AAVE has increased in price over the past week. The ceiling of the descending channel intended for it was broken with buyer support, and the price continued to rise with a very shallow pullback to the $57 range. The resistance considered in the $63.5-66.6 has been associated with the reaction, but this range is expected to be broken and become support along with the next resistance of $69-70. In this case, the next targets of the buyers will be in the range of $80. The range considered at $58-$63 could be a very good demand area for upside moves in the medium term if it turns into support. If we see the price rise to $80 resistance for this week, there can be enough strength and demand to continue the upward movement in the return and pullback to this support. For the short term, as long as the uptrend line drawn in the 4-hour timeframe is maintained, the specified targets can be available to buyers.
by MonoCoinSignal
7
Will AAVE Recover? How Is It Looking Right Now?We have a red candle today but AAVE is very likely to recover and I'll tell you why in a minute... Let's read the signals together. First my friend, notice the volume bars... Go back from June until now. We can see that the green bars are bigger than the red ones, specially recently. The 22-Nov. low candle is a reversal candle, a hammer and also produced really high bull volume. As long as AAVE stays trading within the rising trendline, the lower one, the bullish bias remains strong. Going below any of the lows, Nov. or June, obviously favors the bears and this setup looses strength but the bulls would still remain on top. Trading below the June low invalidates this setup, the bears win... But right now the bulls have the upper hand. Namaste.
Long
by AlanSantana
2
AAVEUSDT | I am considering a deal in LONG. Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Guys, earlier I watched the asset for a long time and waited for the structure to form, so I think the time has come to pick up a local deal in LONG. I made markings on the chart and highlighted some areas, support levels and areas of interest where it is best to buy. I highlighted the $56 zone with a gray line, so far you can place an order there to add a position, the $58 zone is currently a strong local support and I think it is from there that you can open a 5% deal in LONG. Well, it is also worth considering that the price may not come there, I just showed a safer entrance!
Long
by DanilBlinkov
2
Technical & Trend Analysis for AAVEIf 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 (circled in yellow). You will also notice that the ratio of time from the genesis event(TGE)/time following the breakout above the WAPL, is approaching 1:1 (917 days & 889 days, respectively) If you then take a bar-pattern measurement of the first 50% of AAVE's life (TGE to breakout above WAPL), invert it, then place it at the point where it crosses above the WAPL, the resulting data (blue bar-pattern) fits eerily well to AAVE's price movements over the second 50% of its life. This then begs the question, "What happens if you apply the previous steps to the time AAVE's price was above the WAPL, and instead place it at the current point in time?" The answer to that question is the yellow bar-pattern you see on the chart. What's even more eerie is the fact that a breakdown below the WAPL, following this inverted fractal, would take the price of AAVE down exactly to the white upward support line we measured out at the very start. wack
BINANCE:AAVEUSD
by AHoboWithAStick
Selling pressure caused a sharp downward movement!AAVE took a sharp downward trend during the past weeks. This selling pressure caused a sharp downward movement from the resistance range of $95-100 to the monthly support in the range of $50, which is one of the sharpest drops in the trading history of this currency. Price-hitting monthly support has reacted positively, and a reversal candle has formed on the chart this week. Also, a hammer reversal pattern can be seen in the daily candlestick of the previous day. But it should be noted that the price trend in the 4-hour timeframe is still bearish, and we can consider a channel for the price. In case of breaking the ceiling of the channel and pullback to it, we can expect price growth and a possible change in the trend. Also, the presence of several resistances in the path of upward movement can prevent price growth. Therefore, we can expect a range trend in this currency this week and next week. This range trend can be formed between the support range of $50 and the resistance of $65-70.
by MonoCoinSignal
2