AAVEUST trade ideas
AAVE - BUY SETUP (NOV 2023)AAVE - BUY SETUP (NOV 2023)
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. The price action and Key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
AAVEUSDT - Bouncing back from the support#AAVEUSDT (4H Chart) Technical Analysis Update
AAVE is bouncing back from the support.
As you can see in the chart, this is the 4th time its bouncing back from support and every time it bounced back from the support it made significant gain.
AAVE/USDT currently trading at $85.24
Entry Level :$ 85-84
Stop Loss: Below $82.52
Resistance level 1(Target) : $87.48
Resistance Level 2(Target): $91.9
Resistance Level 3(Target): $95
Resistance Level 4(Target): $99.65
Risk Reward Ratio : 1:5.2
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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Aave has several unique selling points this year!Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol. The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice.
AAVE IS VERY BULLISHFrom the place we inserted "start" on the chart, it looks like a diametric has started.
Wave D seems to be a diametric, and only wave g is left of this diametric. In the coming days, with the completion of wave g from D, the bullish wave E is expected to start.
By maintaining this range, it is expected to move towards TPs.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AAVE/USDT probability of bullish continuation from demand? 👀🚀💎 Paradisers, brace yourselves for a captivating chapter in the #AAVEUSDT saga, with signs pointing to a bullish breakout from its current stronghold.
💎 After facing resistance in a tough supply zone, #AAVE has intriguingly navigated through buyer territory. This maneuver hints at a potential dip before embarking on a bullish trajectory from the key demand level of $106.06. A surge of bullish energy here could propel EURONEXT:AAVE towards a significant challenge against the looming supply zone overhead.
💎 In the ever-shifting crypto arena, flexibility in strategy becomes paramount. If #AAVE stumbles at this critical juncture, adapting swiftly could be our ace in the hole.
💎 Enter Plan B: eyeing a bullish charge from a deeper demand level at $98.56. This becomes our vigil point, where a breach might signal an early transition to bearish trends for #AAVE. 🌴💰
AAVEUSDT is bullish targetting 243-262 zoneThe price has been moving up after consolidating between two monthly zones currently marked as MS1 and MS2. This is a very nice pattern to identify for the bullish move and it was there in this case. Very beautifully the price osciallated between these two zones for a long time before moving beyong the MS1 zone. Everytime the price was pushed down from MS1 zone, it found support on MS2 zone and had a bounce. After going beyond the MS1 zone, it was rejected by the weekly resistance WR1 zone but monthly support zone MS1 provided the needed support and the price bounced from there. This was another opportunity to go long as this was breakout retest. Now on this bounce from MS1 zone, the price has managed to move beyond that WR1 zone and currently trading above it. This opens the way for the price to target the next resistance which is monthly resistance MR1 and that zone lies around 243-262. I think the price is likely to hit that zone in coming weeks. We will have a look how it behaves at that resistance but there would be a considerable pullback at that level. So if long, booking profit at that level would be a good idea.
AAVE/USDT Breakout the Key resistance area, Continue Upward!💎 AAVE has recently shown significant market dynamics by successfully breaking out of a key resistance area. This breakout suggests a bullish momentum, with the probability for further upward movement and a move towards our target area.
💎 However, it's crucial to monitor how AAVE behaves during its retest of the previous resistance, which is now acting as support.
💎 A bounce from this support area would confirm the validity of the breakout. Conversely, if AAVE fails to hold above this support level and breaks down below it, the breakout may be considered false.
💎 In the event of a breakdown below the support area, the price could retreat towards the demand area around $8, or even lower. This would indicate a reversal of the bullish momentum and a resumption of downward movement.
🚀 AAVE Range Reclamation Setup! 📈💹📊 Analysis:
Reclaiming Previous Range: AAVE is showing signs of reclaiming its previous range, signaling potential upward movement.
Buy Zone: Look for a retest of resistance turned support in the Buy Zone between $115 and $125.
Higher Low Setup: Establishing a higher low can indicate trend continuation to the upside.
Take Profit Strategy: Consider taking profits at the next resistance areas around $150 or $220.
Stop Loss: Set a stop loss under the $104 level for risk management.
🌐 Note: Stay informed about broader market conditions and any news/events that may affect AAVE.
📈 Aave's Weekly Analysis: Potential Breakout from Prolonged Con🔍Aave's price action in the weekly timeframe indicates the possibility of breaking out of its 658-day consolidation phase, potentially initiating an upward trend.
✅After breaking its trend line, the price has surged by 100%. Although it faced rejection from the 110-120 supply zone initially, a second attempt with significant volume and bullish candlestick patterns suggests a breakthrough.
⭐️The recent candlestick closure above this zone also validates the bullish sentiment, supported by Dow Theory principles.
💥Furthermore, the RSI oscillator entering the overbought zone indicates potential upward momentum, while the SMA25 indicator, alongside the price action, has bounced back after rejection from the supply zone.
🛒For investors considering adding Aave to their portfolio, setting a stop-loss at a minimum of $82 or a more conservative approach at $52 is recommended. As for targets, holding until the all-time high (ATH) could be a strategic option.
🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
LONG #AAVEUSDTLONG #AAVEUSDT from $119.91 stop loss $118.64
4h TF. The AAVE asset continues to confidently maintain an uptrend of movement, even after a strong dump. There are high trading volumes, as well as increased buyer activity with a good compression to the 4-hour horizontal resistance levels. I expect to see a continuation of the trend and a breakdown of resistance with an acceleration of the price in the order book and further growth potential.
AAVEUSDT: Potential Buy OpportunityAAVEUSDT is a cryptocurrency that allows users to lend and borrow digital assets. It is currently trading at $119.39. If it closes above this price today, it could be a good opportunity to buy for the following reasons:
AAVEUSDT has not closed above $119.39 in 658 days. This suggests that the price may be breaking out of a long-term downtrend.
The RSI indicator is approaching 70 in the 4-hour timeframe. This suggests that the price is becoming overbought, which could lead to a sharp upward move.
The RSI indicator is above 67.6 in the weekly timeframe. This also suggests that the price is becoming overbought, and could lead to a sharp upward move.
If you decide to buy AAVEUSDT, you should place a stop-loss order at $81.30. This would limit your losses if the price does not continue to rise.
Your first target should be $241.70. This is the 1.618 Fibonacci extension of the previous wave up.
AAVE is a leading decentralized finance (DeFi) protocol.
DeFi is a rapidly growing sector of the cryptocurrency market.
AAVE has a strong team and a large user base.
The protocol is also backed by several venture capital firms.
This is not financial advice. I am not a financial advisor. Do your own research before making any investment decisions.