AAVEUST trade ideas
Aave Headed Towards Correction: Decreasing Volume & Bearish Div.AAVEUSDT produced a really interesting pattern when looking at the weekly timeframe, the 23-September week. We have a very strong bearish reversal signal.
Right now though we are giving it a closer look and considering the daily timeframe. Lately, we saw a strong rise in bearish volume followed by a strong decrease in overall trading volume, which is a bearish signal.
Then we have a very strong, long-term bearish divergence between AAVEUSDT and the RSI. Let me show you:
The top was hit in March 2024. We have a lower high in August and then again in September. AAVEUSDT peaked in September so this divergence is really strong.
As is usual, the divergence tends to show up on several indicators at once. The more indicators that show same divergence, the stronger the signal. Here is the daily MACD:
The peak happened in March. The last two highs, August and September, end as lower highs compared to March.
Thus we have the MACD and RSI producing lower highs while AAVEUSDT is producing higher highs. The bearish divergence signals the potential for the reversal of the current trend.
Summary:
➖ Weekly reversal candlestick pattern (shooting star).
➖ High bearish volume followed by decreasing overall volume.
➖ MACD and RSI bearish divergence.
These are bearish signals pointing to lower prices next.
The next drop should activate the long-term accumulation zone. The last chance/opportunity to buy low before the major 2025 bull-market.
Thank you for reading.
Your support is appreciated.
Namaste.
AAVE analysis : from Tokenomics to Technical analysisAAVE projet is on of the strongest projects in crypto space.
The whales present in this project count for 70% and the majority of them holds their wallets at least 2 years from now.
The analysis of the supply demonstrates that during the accumulation phase 3% of the total supply have been added to the market without any major impact on the price , that means that the whales have intention of accumulating this token.
The anchored volume profil also demonstrates that we are near the value zone.
From my technical analysis I expect a first target of $400. Then we will begin to see the first distribution movement of the whales.
AAVE 4H - Correction 0.618 FIBONACCI 120$ - 124$AAVE 4H - Correction 0.618 FIBONACCI
AAVE is currently correcting the last bullish impulse confirmed by a bearish EMA 50-100 crossover. The value could look for levels of 120 - 124 (0.618 fibo) where it would be a good BUY ZONE.
On the contrary, if BTC encourages the entire market, it could turn around earlier and break the resistance to continue rising.
TARGET: $220
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
I Cannot Short This !!! situation+next targets.Now, as you can see, AAVE is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, AAVE's price could reach $243 in the new year, which is not far-fetched, just like the AB=CD pattern.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Aave Headed Towards Accumulation Zone (Down!)Remember those trade-ideas I shared in early August? The "Pre 2025 Bull-Market" series?
In these, we predict one last accumulation phase before the major 2025 bull-market. It seems all the pairs are now preparing to move to the accumulation zone where this accumulation phase will happen.
Here we have Aave (AAVEUSDT) peaking. After a peak comes a down wave. The down wave will send prices toward our predicted accumulation zone.
Last week closed as a shooting pattern candlestick pattern.
This week is full red. So last week we get the bearish reversal signal and this week is the confirmation of that signal. Lower prices next.
The drop should end in a higher low and there will be much growth in 2025 but still, we are going lower short- to mid-term. Technically speaking, we would still be within bullish territory and bullish action because of the long-term higher low. This can be described as a simple and normal correction. It takes time and accumulation before a major bullish run.
The major full-blown bull-market will happen in 2025, not 2024.
Thank you for reading and for your continued support.
We can predict the future through the charts.
Namaste.
AAVE ANALYSIS#AAVE Analysis : Channel Following
📊As we can see that #AAVE is following ascending channel on daily time frame. Currently the price is trading above its major support zone. Price is moving upwards within a long-term rising channel, recently took a support from its support level. Expect a bullish move in few days.📈
🔖 Current Price: $151
⏳ Target Price: $185
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#AAVE #Cryptocurrency #ChartPattern #DYOR
AAVE/USDT GREAT SHORT SCALP OPPORTUNITY ON 1 HR CHARTAAVE/USDT is trading at the bottom of a 3/4 full perfect descending triangle, with a target price of $147. perfect trade for a 3X margin trade after conformation of the break down. Since the triangle is 3/4 full could come at any time. Let me know what you guys think of this trade Idea.
Thanks,
Mike
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AAVE possible short (rising wedge)We can see a rising wedge wich is mostly a bearish sign.. below on the daily there is a fvg. The target of the wedge is exactly at the fvg. So this is a possible short thats coming soon. This is my setup for it. Happy trading.
Leave comment below. I would like to hear other opinions . Thank you and CHEERS! .
Aaveusdt Buy opportunityAaveusdt has broken out from a descending broadening wedge, indicating a bullish reversal pattern. Additionally, we have identified a hidden ADAM and EVE setup within this pattern.
Our plan is to buy in and place orders in the buyback zone if the price provides the opportunity. The immediate target is the ADAM & EVE target, followed by the mid-term target, which is a potential neckline for the larger setup.
We will provide timely updates on this post and appreciate your engagement through comments and likes.
Thank you.
Ascending Broadening Wedge on AAVEUSD 4h - a bearish signalEveryone is high on hopium about AAVE rn, but the 4h chart has a signal that the end of this bull run may come soon.
Ascending Broadening Wedge pattern is a bearish pattern so I am looking to establish and add to my short position up to around 180.
This matches my sentiment that this current flurry of bullish spending is a bull trap, and I base that primarily on the Monthly BTC chart which needs to establish a close above around 68 before we can swing back to a bullish forecast.