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Aave

AAVE USDT In my opinion, another rule should be added for commodities. Maybe there is such a rule, but I may not know. Each pattern gives birth to its own pair. We see this in the chart. Like Ying Yang, it has created a channel by creating another pattern in return for each pattern. I think we will be able to determine how these patterns will be completed or how the price will move within the channel. You see 2 trends in the chart. The 1st trend is megatrend. The second trend has just started to form and is now trying to get rid of its fractals. Small trends in the inside area, I think, are about to end. I think we will see bigger formations now. If BTC does not make a downward move, I believe that these predictions will come true. First, the small channel must be crossed. The bottom of this channel can be thought of as a stop loss. If we want safe trading, we can wait for the price to break the channel up. In this way, our target areas are already clear. We can think of the first target as the median canal line. The second target corresponds to a price of $700 and above. I hope btc does not mislead us and does not lower the price of alt coins. In this case, I believe we can see the goals we mentioned. Note: This is not investment advice.
Long
by CryptoBrainn
AAVE about to catch up to bullish momentum - LONGAAVE is painting a bullish W recovery candle formation assuming a weekly close above 318 today. Daily timeframe has pierced the RSI 50 level on the bullish side. There are three higher bottoms in RSI. On the weekly timeframe we have tapped the liquidity zone three times with relatively large wicks. AAVE is below EMA55 and MA200 on the daily timeframe and this would be the fourth time time it would attempt to go above MA200 and in my experience fourth time is the charm (same logic is seen in falling wedges which break to the upside). One thing of concern is the low volume, but that is normal during a bitcoin approach near ATH, as money shifts out from alts into BTC. However as BTC begins to range near the 60k area we are likely to see some upside in the altcoins. There is an ongoing governance proposal to launch AAVE on Fantom and votes are predominantly "yes". Within few days once the proposal is passed we may see a boost in the price action. However be wary of the old saying "Buy the rumour, sell the news." STOP LOSS: It is hard to play this with a stop loss as the low volume could result in scam wick just before the big move, but one indisputable invalidation sign would be a daily candle close below 278. First major resistance is at 378, once we break it targets are: T1: 418 T2: 477 T3: 522
Long
by dimidob
1