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Aave

Aave (AAVE) - June 9Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (AAVEUSD 1W Chart) If the price holds above the uptrend line (1), then the uptrend is expected to continue. (1D chart) The 337.451626-379.429759 section needs to be supported and move up in order to continue the uptrend. If it goes down from the 300.459751 point, it can touch the 169.539088 point and move up along the uptrend line, so you need to trade cautiously. ------------------------------------- (AAVEBTC 1W chart) Since we have created a Double Top, we expect a downtrend if we do not cross the downtrend line. However, if it finds support at the 0.007865 point, it is expected to renew its highs. If the price holds above the 0.004956 point, it is expected that the uptrend will continue. If it rises along the uptrend line (1), it is expected to be a buying opportunity. (1D chart) It remains to be seen if the 0.008812-0.009906 zone can find support and move up. If it falls from the 0.006625 point, you need a Stop Loss to preserve your profit. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:AAVEUSD
by readCrypto
🔥 AAVE Bullish Triangle: Potential Break OutDuring BTC's erratic moves over the last couple of weeks, a bullish triangle has appeared on AAVE's chart. After showing some consolidation at the triangle support yesterday, it seems that AAVE has now bounced off the support and is resuming its upward move. Be aware that AAVE is highly correlated to BTC. So before trading, check where BTC is going. Also, wait for the price to break out of the triangle to confirm the break out pattern. Happy trading!
Long
by FieryTrading
16