Aaveusdt
AAVE Breaks 3 Month Trend As Price Eyes New High-AAVE has been consolidating for nearly a month
-Price broke out of major resistance
-Bullish inverse head & shoulders pattern
AAVE has been in a sideways slumber the last 3 months with very little price movement. The bulls have managed to break out of this trading range as Ethereum continues to make all time highs. After rising nearly 600% in 2021, the consolation was much needed.
AAVE breaking and holding the important S/R zone of $428 has set the price free for a potential breach of ATH. The price has also managed to break a three month top trend line that has been keeping the price printing lower highs. If AAVE continues to hold these two important levels we can expect prices to reach $525+.
AAVE has printed an inverse head and shoulders pattern on the daily chart. This chart has broke the neckline of $428. If AAVE cannot continue to hold his neckline, price is in danger of falling to the 100MA. If this level fails to hold, the support range can relied upon to produce a bounce.
While looking at the RSI, we can conclude the strength was stuck under a resistance line of around 62. The strength managed to break this key level and is attempting to hold it. This is a bullish signal for the AAVE price. The Stochastic RSI has risen to overbought levels, as long as this strength stays above the overbought line, AAVE is in a good bullish state for a try at ATH.
AAVE intraday levels
Spot rate: $500
Trend: Bullish
Volatility: High
Support: $466
Resistance: $523
AAVE waking up from long sleep !! Hello tradingview army, I hope everyone is doing good and taking care of themselves 😇
so lets talks on aave today
AAVE/USDT this giant is sleeping for months now ... This time its should break the supply zone and continue its dream run , I would like to buy breakout+ pullback on this one at 494 , eying 700 as target
aaveaave.
My thoughts:
bottom, middle, top orange lines represent muh range
middle pink lines represent areas where we may bump head
ascending yellow area shows me that people that are selling are willing to wait for higher prices and they arent necessarily crushing the price down.
I believe we bump our head on pink, head to mid range (middle orange) and start working our way up... besides previous ATH being a likely spot to bump its head it adds confluence to a potential cup and handle formation (if you like patterns). A small rejection and then price discovery.
not financial advice
AAVEUSDTwell we always shout our personal opinion which is "smart contracts and DeFi are the future of market"
this alt is forming a famous cup and handle formation and we are at the bottom of the cup so we enter for full profit!
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AAVE break of the trendZzzAAVE broke trend resistence on lower time frames and now Im waiting for it to break the trend also on higher time frames (as shown in my chart). If BTC continues to go up or consolidate in a sustainable range we should expect everything (almost) to go up of course.
BTC dominance hovering above 50% - the real fun with ALTs begins when we broke magic 50 :D
AAVE | May - June surveysApparently the price returns to touch the VMA after having made a triple low above $ 300.
What will happen now?
Will the movement be strong enough to end the month hitting $ 400 again?
We come from a sustained (and consolidated) correction movement that has been taking place since around the beginning of March and that in some way is a good consolidation zone...
On the other hand: it may just correct that downward movement that we have brought since February. The odds are there.
Who knows? At stake are the approximate marked lines.
Thanks.