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Aaveusd

AAVEUSD Broke above its August Resistance!The AAVE token (AAVEUSD) closed yesterday above the Lower Highs trend-line that has been in effect since the August 13 High. The 1W RSI closed last week above its own August Resistance that has had the same rejections as the price's Lower Highs. The stochastics are overbought so some consolidation is in order now especially with the 1W MA50 (red trend-line) coming as a Resistance right above. But as long as the 1D MA50 supports, we are buying the break-out of this gem, targeting the 115.750 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:AAVEUSD
by TradingShot
2
Can break out of the downtrend in the short term...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (AAVEBTC 1W Chart) It must rise above 0.003598-0.005609 to release the rising power. ----------------------------------------- (AAVEUSDT 1W chart) If the price holds above 78.3, it is expected to turn into a mid- to long-term uptrend. However, shaking it up and down is expected to cause the HA-High to fall. (1D chart) To continue the short-term uptrend, the price needs to rise above 86.4 to hold the price. However, since the -100 indicator is formed at the 96.2 point, it is expected that the full-fledged rise will begin only when it rises above 96.2. The most important thing is not to fall below 64.3, below the downtrend line. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
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
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