Aaveusdt
1.4.2021 - Aave (AAVE / USDT)Hi Traders!
It's time for a specific trade, which we will implement today on the daily chart. AAVE is a strong DeFi coin that has a good fundament and in addition, we will trade it against USDT.
What is the difference in trading against USDT and BTC? If bitcoin grows, the altcoin will grow more slowly against BTC, which poses a certain risk. However, if the BTC grows, the altcoin will probably also grow against the USDT. This is the basic formula of the market.
On the chart, we see a very simple setting, which has been working great in recent months and I use it in trading constantly. We have strong support from below and in percentage terms, we have fallen by about 50% from the top, which in the bull market represents a sufficient correction. The correction lasted 43 days, which we also consider sufficient.
We are currently above the trend line and above the moving average , so in my opinion, it is only a matter of time before a stronger movement comes. This is also indicated by trading volumes, which declined steadily during the correction.
I would set the first target to the previous maximum - about 526 USDT and the second somewhere in the zone just below 700 USDT (for me exactly 698 USDT).
There are more similar opportunities on the market and it is a good chance that if the bull run continues, these coins will grow.
May the crypto be with you!
AAVE next big move??So, AAVE has been respecting this resistance line...
It is also drawing this bearish triangle with lower highs...
BUT it has made double bottom... and right now it's looking forward to flying through the resistance and close above it!
If this happens.. we can expect a test of new resistance and also a movement to the north!
Hopefully, we can see a movement up, and if it passes through the resistance area we might see new ATH... but this is way too far...
AAVE.USDT (Y21.P2.E1).MACRO.TA.Go longHi Traders,
If you look at the overall structure, you can say its a descending triangle in an uptrend, which also fits into one of Wyckoff's re-schematic 1 structure.
For now, its almost breaking the lower level with a "W" double bottom formation of this re-accumulation stage. (lime path)
Along with a harmonic to support the upward pressure with 2 targets and it fits well to the resistance trend line of the ascending triangle.
With this large macro formation, I have the expectations for it to break its ATH and like the last run, be impressive.
How to trade this?
It depends on your strategy.
1) Buy now, as its on a support level and just HODL;
2) Enter after breaking the 0.5 fib level and red resistance trend line;
3) Enter after clearing the daily 10 and 20 ema;
4) Enter after clearing the x2 daily ema's along with the fib and trend line;
Please give me a like or tick for this post.
Regards,
S.SAri
BIG PICTURE
AAVE (AAVEPERP) – Short signal SHORT: 329 - 354
TARGETS:
1) 285
2) Trail stop – let it run
STOP: When a 4h candle closes above 399
Rationale:
-The 100 and 200 EMA have acted as strong support for the duration of the uptrend.
-More recently, price has been respecting two diagonal trendlines
-Price broke out of the upper trendline and retested the EMAs. The EMAs were unable to hold so price retested the trendline, however it rejected off the EMAs and fell through the trendline.
-Price is now hovering between the two diagonal trendlines, under the EMAs.
-Given the recent weakness, price is most likely to drop down and retest the trendline which corresponds to the area of the previous lows.
Your risk, your reward. This is not financial advice.
Happy trading.
Will we see a 400$ AAVE soon ?Here's a quick look at AAVE 4 hr chart. AAVE has been forming a bigger descending triangle for the past few weeks. The larger the pattern, the greater the movement. A big pattern leads to bigger moves. This Altcoin will outperform many other altcoins when it does break out (to the upside). Keep an eye on this.
The idea is: Buy the breakout from the triangle and sell at the target areas shown in the chart.
Targets:
1. 395$
2. 430$
3. 495$
4. 575$
Follow me for daily trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
AAVE ready to blow - Altseason 2021 part 2Another wave of Altcoins pump is coming and you don't want to miss it.
AAVE was one of the biggest winner in jan-feb for what we could call the first DEFI
parabola leg.
Bullish pennant about to breakout and it double bottomed.
The second leg should push it to targets on chart in the next 4 weeks. We are still at good entry and if
it should dip again I would just DCA (average buy).
Target 1 : 580$
Target 2 : 870$
AAVE - New Trade setup. It will outperform most of the altsHere's a quick look at AAVE 4 hr chart. AAVE has been forming a bigger descending triangle for the past few weeks. The larger the pattern, the greater the movement. A big pattern leads to bigger moves. This Altcoin will outperform many other altcoins when it does break out (to the upside). Keep an eye on this.
The idea is: Buy the breakout from the triangle and sell at the target areas shown in the chart.
Targets:
1. 395$
2. 430$
3. 495$
4. 575$
Follow me for daily trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!