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AAVEUST trade ideas

#AAVE : A possible 80% Profits in the MidTermAave (AAVE) has been on a bearish run throughout the year, with the price decreasing by around 85% in the first two quarters. The price of AAVE went as low as $45 in June, which was the lowest in almost 9 months. Nonetheless, after finding support in that area, AAVE started to increase. During the summer months of this year, AAVE increased by around 160%, indicating a reversal in the long-term trend. Still, the price encountered resistance at around $115, and it has been on the decline ever since that. Recently, the price of AAVE has been on the rise. In the last few days alone, AAVE has increased by around 30% considering the lowest price at around $64 on October 13, making it one of the best performers of the week. This increase shows that AAVE has penetrated the upper trendline of the descending wedge, indicating that the trend could reverse in the coming weeks. But before making predictions on how AAVE may perform in the short run, we must look through technical and fundamental factors that may affect the price of AAVE. Aave (AAVE) Technical Analysis As can be seen in the AAVE/USDT 1-day chart, the price of AAVE had a breakout of at least 10% in most exchange platforms, which hinted at a potential bullish reversal in the chart. While the long-term chart still remains bearish for AAVE, the recent price movement has significantly improved the market sentiment. AAVE traders were quick enough to withdraw funds due to the recent increase since the selling pressure has slightly increased. This created a resistance structure at $84 which is the 38% Fibonacci price level. Currently, AAVE is on the verge of retracement after the bullish candle creation on the 1D chart, other things equal. Fibonacci retracement levels of the recent price movement suggest that the price of AAVE could have strong support at 23.6% and 38% levels, respectively. Indicators The fear and greed index of the 1-day chart suggests that AAVE traders suggest that the index has slightly improved. There is still extreme fear in the market, however, given the current state of BTC and other altcoins. The RSI of a 1-day chart suggests that it has significantly improved recently. It is above 50, meaning that the buying pressure is relatively high and that there is space for growth for AAVE in the coming days. The MACD line of a 1-day chart is above the signal line and the baseline due to the recent increase in the price. The current momentum is bullish for AAVE, but the lines may soon converge if a retracement occurs. The 20-Day MA is below the current price of AAVE, meaning that the trend is now bullish, other things equal. The same applies to the 9-Day EMA, which could also act as a natural support to the price of AAVE if the latter retraces. Aave (AAVE) Fundamental Analysis Recently, Justin Sun, the founder of Tron, reportedly withdrew around $50 million worth of USDT from the Aave ecosystem and transferred them to a Poloniex-funded address. Because of that, the total supply of USDT in the AAVE/USDT pool has declined to around $250 million, which could be alarming to AAVE whales. To give a little more context on this, Justin Sun was banned by the Aave ecosystem after someone reportedly sent 0.1 ETH to his address from a suspicious wallet from Tornado Mixer. Many expected that this could have a negative impact on the price of AAVE since someone such as Sun is highly influential. To support this, Huobi Token has grown massively recently after it was announced that Sun is officially involved with the project. However, the price has instead increased recently. Therefore, this suggests that AAVE is simply not that affected by “big game” influencers. In other news, Aave is launching its own stablecoin known as GHO. GHO aims to solve the stablecoin trilemma of capital efficiency, price stability (collateralization), and decentralization. AAVE Price Prediction Based on this price analysis on Aave (AAVE), the price of AAVE could increase in the coming couple of weeks if not days due to the recent price breakout. We could expect the price of AAVE to aim for $115 and $147 in the coming weeks depending on the overall market trend, other things equal. Takeaways • Aave (AAVE) has increased by 30% in the last few days. • Recent AAVE price breakout hints at a possible bullish momentum for the coming weeks. • Justin Sun reportedly withdrew $50 million from the AAVE blockchain. • Aave is launching its highly anticipated stablecoin, $GHO. • AAVE could aim for $115 if not $147 in the coming weeks.
Long
by cryptotalk_et
AAVEUSD | Part of the position can be fixed!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ ▫️Guys, I recently wrote a deal on my profile, there were two options: either to enter from support, or to break the trend line, one of the options worked for 12% without leverage. ▫️I am writing for those who may be in a position now, the entry point was from $72. The chart shows how the local countertrend was clearly broken through and now we are flying to the local resistance of 0.382 Fibonacci. ▫️The plan is this: you can fix a part of the position (50-70%), keep the rest until the local resistance of $84-85. Growth is possible against the backdrop of Bitcoin! In cases of decline, you can try to enter from the test of the trend line (shown with a red arrow). Graph 6H.
Long
by DanilBlinkov
AAVEUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for AAVEUSDT Based on our last analysis on October 11, we predicted a rising to happen for the price and here after a falling trend, you observe that the prediction came true and one of our targets is hit. Therefore we have R1 as a resistance area on the top, which expresses the unsuccessful triumphs of the price to rise. S2 used to be a long-term resistance line and S1 is a support line in which the well support of price at different points is obvious. At the moment, we have the price fluctuating over S1 area and our expectation will be a rise toward R1 (that is a good area for saving profits). But firstly we should receive some rising signs and then we predict an increase to happen. Also it is probable that the price loses the support in S1 and falls to some lower amounts. Bear in mind that you should make sure what to do by considering enough information and then have your trade orders. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
8
Pretty Sure AAVE is CorrectingThere has been a lot of talk about AAVE heading to the moon, and that analysis may be justified. However, it sure looks to me like it's going to hit the skids before blast off. As much as we love to see altcoins shoot up and wish those days were upon us, you have to respect the chart, whether we like what it's telling us or not. besides, don't you love it when it rains? I'm sure you'll all agree, that this week has been a real bitch. Finding a good set up has been difficult to say the least, and even when you find one it's like watching grass grow in Yellowstone National Park in the dead of winter. From the day trader's viewpoint the market goes against you a bit, then goes with you a bit, ultimately resulting in going nowhere on shorter time frames. But, when in doubt...zoom out. It might be imperceptibly slow and mercilessly, nauseatingly, and maddeningly testing your patience. But therein lies the rub. Patience is an absolute must in market situations such as we now find ourselves. This needs to be the rule. No matter how difficult it is to sit there and watch nothing happen, you need to shut up and watch nothing happen for as long as it takes for something to happen. The next hard and fast rule for this type of market is LOW LEVERAGE. It's like cooking ribs. Low and slow baby...low and slow. So what do we have? If your trading on a daily basis, the lack of action will frustrate you and drive you crazy, fostering decisions fueled by emotion causing you to try and make the market move the way you want it to. BIG MISTAKE. Don't do it. Take a cold shower instead. Oh, and short AAVE...it's going to go down, and up, and down, and up and down...but ultimately it's going down. For a minute anyway. Of course this is NOT financial advice. I'm wrong way more often then I'm right. So, if you take my blathering's as financial advice, you will no doubt lose just like me, which is also not financial advice...it's like a dog chasing it's tail, isn't it? Also, if you're allergic to trading, stop trading immediately and call your doctor. Some people have reported that when they trade they have experienced shortness of breath, high blood pressure, and certain cancers. If you have heart failure when trading, call your doctor. In certain, but few instances, trading has been known to ruin people's lives and in extreme situations caused death. If you experience death when trading, stop trading and call your doctor. Hey, the disclosures are not my fault...blame the lawyers.
Short
by powerroad1
3
AAVEUSD | Correction expectedHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ As I wrote earlier, the asset reached the Lake profit of $85 and now, according to the plan, it is expected to see a correction. Since the last signal, the profit was 17.5% without leverage, the entry point was $72 Now I expect to see a continuation of the correction to the $77 zone and from there it can most likely bounce above $85 again
Long
by DanilBlinkov
Medium and long-term targets for AAVE price growthThe AAVEUSDT price has been behaving quite well in recent days AAVE reacts to the correction of the BTCUSDT price with a slight correction or even growth. Well, the result of such strength and confidence of buyers is that now the price of AAVEUSD is +80% higher than it was at the low in June 2022. The chart shows a bull flag pattern, which usually serves as a continuation of the growth trend. So, to confirm their strength and readiness to push the price of AAVEUSDT up in the near future, buyers should no longer allow it to fall below $77 Medium-term target for AAVE price is up to $115-130 Long-term target of AAVE price growth to $250-300 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
24