AAVEBTC trade ideas
AAVE/BTC: trading is art (+125%!) Follow up on my last AAVE/USD post; AAVE has a 125% gain ahead ofr the coming weeks / months against BTC.
Check my AAVE/USD update for more info here:
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
AAVE/BTC - Bullish breakout! Not financial advice but someone sharing his trading diary! Make your own plans and you will do fine in the long run.
AAVE seems to have finished an abc correction and is getting ready to move up and start a new impulsive wave.
Pros:
- It bounced from a local 618 Fib + Monthly level.
- Market structure on the daily and weekly timeframe is changing.
- Oscillators have reset.
- Volume signature looks good.
Cons: Markets are under selling pressure.
Entry:
Aggressive: Laddering between 66-58
Safe: consolidation above weekly level: 69-67 (Watch Market structure on at least 4H TF change)
Targets: Paying attention to weekly / Monthly levels (chart) - I might leave a small part open and Compound in case a rally is confirmed.
Invalidation: a 4H or daily close below 50
Trading level by level and Risking 1% of the account
#aave #btc #technicalanalysis #chart # trading #idea
$AAVE/BTC 4h (Binance Spot) Breakout of Falling wedgeAAVE Break out of Falling Wedge and MACD Bullish Divergence
Current Price= 0.006525
Buy Entry= 0.006409 - 0.006636
Take Profit= 0.008303 | 0.010383 | 0.012419
Stop Loss= 0.005658
Risk/Reward= 1:2.05 | 1:4.44 | 1:6.79
Expected Profit= +27.23% | +59.10% | +90.30%
Possible Loss= -13.30%
Estimated Gain-time= 2 month
use Maximum 10 % of the Account
AAVE/BTC Binance End of CorrectionI think this is the end of the correction and we have short-term and long-term targets
AAVE/BTC PredictionIt could regress down to the lower trend line, or it could establish a new, steeper trend line here.
I'm liking the market for a turnaround soon. Could it wait until next weekend? Maybe.
AAVE BTC SUPPORT HOLDINGAAVE BTC looks promising with the support holding in the BTC pair.
Looks like a good risk reward play to me as the stop would be pretty close and we have some nice % from here to the previous top.
AAVE - Potential reversal pointQuick sketch of resistance as I see it - potential support here. Good long entry with low risk stop.
Best, Hard Forky
Aeve unlikely to pumpAave, the native token of Aeve Defi protocol for borrowing and lending, has had a rough month.
In BTC terms it peaked in early February and has since then lost over 50%.
The current level might look like an attractive entry point in case of a potential reversal — probably that’s why the Cindicator community was interested in learning more about this asset.
Based on the demand from the community, we’ve asked Hybrid Intelligence the following question:
“The cryptocurrency Aave (AAVE/BTC) settled at 0.00692100 BTC at 09:32 AM UTC at the binance exchange on Friday, March 12. In your opinion, will AAVE/BTC trade above 0.00795846 BTC (+14.99%) at any time before March 20?”
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Assurance: 22%
This means that Hybrid Intelligence thinks it’s unlikely that AAVE could gain +15% against Bitcoin over the next week. So it’s probably best to consider some other asset for a long position.
Don't miss to add AAVE in your PortfolioAAVE seems good on daily. STOCKRSI above 80, RSI getting above 50, fibonacci golden pocket seems hold nicely.
If 0.618 does not hold, then fib level 0.786 is a good alternative entry level
$AAVE, Trying to see if its able to reclaim ~840k sats level.. $AAVE
Trying to see if its able to reclaim ~840k sats level..
UCTS signalling a 12H Buy signal (still bearish on higher timeframes..)
If happens, then looking for a potential reversal after .618 fib test
Set alerts!
#AAVE
AAVEBTC – Potential 78% gainsBUY: 0.0078 – 0.0083
TARGETS:
1) 0.0100
2) 0.0120
3) 0.0139
STOP: When 4h candle closes below 0.0067
Rationale:
-A diagonal trendline has formed and price is respecting it as support
-Price has been consolidating underneath resistance and looks ready to break out. Once it breaks and retests resistance this area will become support.
-Bullish divergence has formed and price is now making higher lows.
-Price is just about to break out of the buy zone and move above both EMAs.
Your risk, your reward. This is not financial advice.
Happy trading.
