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.
AAVEUST trade ideas
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
AAVE : Keeping my Eyes on AAVE.Just keeping my eyes on #AAVEUSDT breakout on the daily and weekly seems to be looking to be setup-ed in good shape for long term profits. I will be preparing a detailed analysis on #AAVE for tomorrow. Till that make your own research about it and we will discuss it.🙏🏾
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
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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.
AAVEUSDT | BREAKOUTAAVEUSDT has been trading with in a falling wedge .
The price currently approached to upper boundary of wedge and has given breakout above wedge .
The price also made a double bottom and bulls get in control from same level.
The bulls will get complete control above the break of horizontal resistance zone .
Trade your level accordingly.
AAVEUSDT|Can we see a true breakout?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The asset is currently in a downtrend, if there is a breakdown of the countertrend line, you should not immediately jump in and open long positions, I think for the safety of the margin position it is better to wait for confirmation from the reverse side of the trend line (it showed approximately with a red arrow) and from confirmation it will be possible enter on a rebound with minimal risks in long ($72-76)
There is also a second safer option, for bitcoin we can see a test of the $18.200 level and altcoins will also show downward movements, and so: you can wait for the $70-68 level and from there also try to get a long position, an option that I will consider.