๐กDon't miss the great buy opportunity in AAVEBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.003130).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.004000
TP2= @ 0.004520
TP3= @ 0.004950
TP4= @ 0.005570
TP5= @ 0.006320
TP6= @ 0.007570
SL= Break below S2
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AAVEBTC trade ideas
AAVEBTC is testing 4h support ๐ฆAAVEBTC is testing 4h support after the price lost daily support. IF the price will lose 4h support and retest it as new resistance, According to Plancton's strategy (check our Academy), we can set a nice order
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AAVEBTC completing final leg of bullish Shark | Upto 205% moveOn daily time period chart, the price action of Aave (AAVE) is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone. At this time price action is breaking down 100 SMA and on breaking down 200 SMA this move will be confirmed.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Shark pattern should be as below:
Potential reversal or buying zone: 0.002075 to 0.001375 btc
Sell or Fibonacci projection zone: 0.002741 to 0.004201 btc
Stop Loss:
The potential reversal zone area that is up to 0.001375 btc can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 205% and as per the above-mentioned stop loss, the loss possibility is 33.8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
AAVE / BTC 12hThis is not trading advise. Do your own research. I just like to draw lines and color.
Watch for BTC moves to negate any bullish upside.
First impulse had an extended 5th wave. Quite common in new assets of this caliber.
It retraced back to the top of wave 2 which is classic text book Elliot Wave Theory.
Reversed Directly on the .786 Pumped the .5 and retraced to the GP and is on its way again.
RSI attacking, +DMI cross and with ADX support starting on lower TF.
This one moves so its a break out play for me.
This is not trading advise. Do your own research. I just like to draw lines and color.