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Aave

AAVE Bullish Divergence (115% Potential Profits)Aave vs Bitcoin (AAVEBTC) is showing the classic bullish divergence signal with the MACD and RSI as well as a bullish cross on the chart. Today's bullish candle after the bullish engulfing pattern 24/25 Feb. also supports additional growth. Prices moving above EMA10 while the MA200 is starting to trend down. Additional details on the chart. Note: These signals can be easily invalidated. Make sure to have a plan before trading in case the market changes. Namaste.
Long
by MasterAnanda
6
AAVEUSDT Correction ?AAVE was a successful trade that I personally took . By looking at the chart and the FIB level it touched , I will be expecting a retracement or a small correction in order for it continue going up . Just keep in mind , that in case AAVE decouples from the general crypto market like it had done in the past , it could just keep going up . In my opinion , I am in favor of having a retracement before going further up around $188 or even $175 which was the downtrend breakout . In addition , is also important to note that a violent breakout of BTC to the upside or a retracement could just move AAVE and other ALTS violently up or down , at this point I believe everyone needs to be cautious . By saying this personally I would be waiting for AAVE to break this level and test it as support before re entering a position or waiting for the retracement and longing or buying spot at the local bottom after the correction .
by Trader_Sentinel
AAVE - Take entry with these targetsBYBIT:AAVEUSDT 1H trend chart - AAVE is converging in a descending tunnel. It is going to break out the downtrend line right now, so we can take entry with good rr ration here. - Profit Targets: a) 261.5----Fib(1) b) 277.25~283.65----Fib(1.272~1.382) c) 297.3----Fib(1.618) d) 319.45----Fib(2) Stop losses: a) 231.45-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
1
AAVE - Possibly a Great Short - * contingent per BTCI plan on entering this trade contingent entirely upon bitcoin price action. (also contingent upon the price going back up which I hope he does) AAVE has had a significant uptrend, as large holders take profit, the "marketmakers" buy their contracts pushing price-action upward along with new buyers, short positions stop loss orders are triggered as a "market buy order" pushing the price up further... (one would think this buying and selling would logically create an equilibrium, and it would - *if the market was peer to peer without the "market maker"- this third-party adds and takes away liquidity which complicates the equation> * this is a one hour chart and will take days to be realized (if it is correct) * this chart would be invalidated and completely negated by any significant move up or down per bitcoin (* however alt coin charts work in tandem with bitcoin with its signature clearly within price action)
Short
by kiddbitcleveland
3
AAVE trend follow long- Price broke above weekly zone and broke out thru long term downtrend line. Forming Elliot wave sequence, currently on move 4 out of 5 indicating another potential push to the upside to come. - Price formed consolidation flag after breakout, retraced to the 50% fib level and is now seeing higher lows being formed. Price retested s/r 38% fib level zone on 1h chart and held above moving averages. Ended with a high volume, bullish hammer showing big players stepping back in on the dip. Stop loss: Placed below previous low of consolidation and 50% fib level Take profit: At conflucence of short term and long term fib levels
Long
by CMSTrading
1