AAVEUST trade ideas
AAVEUSDT is testing the Supply zone!AAVEUSDT has recently formed a "Double Bottom" pattern at the 51$ area. This pattern is a bullish reversal pattern that is formed when the price reaches a certain level of support, retraces, and then returns to that level again before moving higher. In the case of AAVEUSDT, this level of support was at 51$.
After the formation of the Double Bottom, the price had a breakout from a descending channel and also broke above a static resistance level at 68$. This is a positive development for buyers as it shows that there is a shift in market sentiment towards bullishness.
Following the breakout, the price is now forming an "Ascending Channel". An Ascending Channel is a bullish trend that is characterized by a series of higher highs and higher lows. In this channel, the price is expected to continue its upward trajectory.
However, it is important to note that a false breakout from the Ascending Channel could occur in order to attract new buyers and liquidity. To take advantage of this potential false breakout, traders can use Plancton's Rules which provide guidelines for entering and exiting trades based on market conditions. The goal is to maximize profits and minimize risks.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
AAVE Cup & Handle!KUCOIN:AAVEUSDT
AAVE perfect cup and handle. Breakout will provide significant upside. 2 potential targets marked 26 to 36%.
On rejection at breakout, look to enter possible pullback.
Advanced traders could play the range on LTF.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AAVEUSDT | RANGE IN PLAYAAVE has been trading with in the range since 4 weeks.
The price has made multiple time to break on either side but get rejected.
Once the price breaks above the range bulls will get complete control While if price breaks below the bears will get complete control.
Trade your levels accordingly
✅TS ❕ AAVEUSD: break up the downward channel✅✅ AAVE has broken the upward descending channel.
The price is held in the resistance area.
I think that AAVE can continue to grow if it gains a foothold above the resistance area. ✅
🚀 BUY scenario: long to 101,6. 🚀
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AAVE registered a bullish candlestickLast week, AAVE registered a bullish candlestick with a not-so-large body. The resistance that the price hit and reacted to is the $91.3 range. Also, this area has exactly overlapped with the ceiling of the medium-term descending channel, which could cause the price to have a correction towards lower supports this week. A trend change is observed in the daily time frame. Therefore, a pullback supported by 71.2 to 75.9 dollars can bring a positive reaction.
But more important support is considered in the $66.5. If weakness is observed in the uptrend, given the potential for a double ceiling pattern to form in the 4-hour timeframe, if the first support is broken, the support range of The second can bring a stronger reaction. Therefore, you can consider these two supports this week, because if there is a positive reaction to these levels, another upward movement can be formed.
AAVE Long Setup!KUCOIN:AAVEUSDT
AAVE is approaching an area of value (AOV).
Look to Long with momentum targeting breakout level for possible 20%+
Bearish Retest of AOV will provide Short opportunity to possible pullback from where another Long could be planned (+45%)
Blue MA is 200 Day.
Watch: For a fake out at the AOV where bears will be trapped.
Bitcoin: rules the direction of the moves, but having plans as above allows you to enter systematically and consistently.
Lets get it!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Can break out of the downtrend in the short term...Hello?
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(AAVEBTC 1W Chart)
It must rise above 0.003598-0.005609 to release the rising power.
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(AAVEUSDT 1W chart)
If the price holds above 78.3, it is expected to turn into a mid- to long-term uptrend.
However, shaking it up and down is expected to cause the HA-High to fall.
(1D chart)
To continue the short-term uptrend, the price needs to rise above 86.4 to hold the price.
However, since the -100 indicator is formed at the 96.2 point, it is expected that the full-fledged rise will begin only when it rises above 96.2.
The most important thing is not to fall below 64.3, below the downtrend line.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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AAVEUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
We fell quite low, but the corrective form looks like a double zigzag, I want to see continued growth.
Entry: market and lower
Target: 75 - 100 - 125 and maybe even ~150
after first target reached move ur stop to breakeven
Stop: under 45 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 8
risk is justified
Good luck everyone!
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