AAVEUSD - FINALLY BREAKING THE RESISTANCE TRENDLINE?? AAVEUSD
Price is showing good sign of upward section after long time of consolidation.
Reasons to be bullish
1) Breaking resistance trendline
2) Strong support at 0.5 fib area
3) Above all MA, golden cross of 20MA and 50MA at daily TF
4) RSI above 50, currently at 56
5) MACD daily flipped green
First level of resistance: USD 454
Second level of resistance : USD 570
Third level of resistance : USD 855
Forth level of resistance : USD 1066
Overall price section looks bullish, price still in consolidation phase, expecting big move soon for AAVEUSD
AAVEUSD trade ideas
AAVE: Markup ImminentAAVE is prepping to go the distance. All the forensic whale signs are there: stealth absorption, accumulation spikes, secret supply sell-offs to maintain low trading range volatility (so as to not cue the retailers of a pump). All that to say this: I'm buying the bloody candles right alongside the whales, and I plan to dump my AAVE on the same retail traders they're going to. It's the way of the predator: the scorpion and the frog. Hey, at least I'm upfront about it lol.
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NOTE: I am not a financial advisor. This trade may fail. Join me at your own risk.
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AAVE Levels Im watchingWill be playing these levels on AAVE.
Would like to be patient and wait for a retest of $350 area and buy hard. If we aren't gifted another pullback here, I'll wait for s/r flip of the $430 area to buy. Buy support, sell resistance, ezpz.
Looks like this could be a lot of fun over the next couple of months.
AAVE/USD - potential 78% setupHello, Traders!
AAVE is exiting the active trading range of $298 - $418 and prepares to continue the market cycle.
Last time the flat movement lasted 55 days and resulted in 530% growth.
The current flat movement has lasted for 60 days, which gives us a trigger for action.
We can consider opening a position in the range of $382 - $418
Stop Loss might be placed under $324
Targets according to Fibonacci levels:
$450
$565
$638
$682
Good luck and watch out for the market.
P.S. This is an educational analysis that shouldn't be considered a financial advice