AAVEUSDT trade ideas
#AAVE Drops 23% From February Highs, Token May retest $65Past Performance of AAVE
AAVE is bearish at spot rates, trading below a critical support line, now resistance. Currently, the token is down 23% from February highs and under pressure. Notably, buyers are yet to reject attempts lower. Instead, prices are inching lower, even riding the lower BB.
#AAVE Technical Analysis
The immediate resistance is at $76, coinciding with February lows. With the trend bearish in the short term and sellers resilient, traders may look to sell on every attempt higher towards $76. As it is, the first target will be $65, a critical reaction point of November 2022. This preview is valid, provided there is no sharp rally with rising volumes above $76. In that case, AAVE may rally towards $93 in resumption of the primary trend of December 2022 to February 2023. Still, it is worth noting that though prices are lower, accompanying trading volumes are relatively low. Moreover, the primary trend is bullish from a top-down preview as the current prices are bound roughly within the base of a broader bull flag.
What to Expect from #AAVE?
Traders are confident, but if AAVE slips further from resistance at $76, it could validate the bear breakout of early this month. In that case, the token could cool off, retracing from Q1 2023 highs to key reaction points in the short term.
Resistance level to watch out for: $76
Support level to watch out for: $65
Disclaimer: Opinions expressed are not investment advice. Do your research.
✅TS ❕ AAVEUSD: downward structure✅✅ AAVE bounced down from the resistance area.
Price is forming a downward structure.
The asset will continue to decline. ✅
🚀 SELL scenario: short to 74.8. 🚀
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AAVEUSDT 4 HOUR UPDATE ( TECHNICAL )* Double tops formed on the hourly and daily timeframe.
* Key Level breakout confirmed on the hourly timeframe.
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SasanSeifi💁♂️ AAVEUSDT / 1D HI✌ The Possible scenarios of #AAVE_USDT is specified on the chart,As you can see, After fluctuating between $90/$78 range. Currently, the price faced buying pressure from the range of $78 and was able to grow up to the range of $93. I expect that the price will continue to grow up to the range of $98/$104/$114 and then there will be a slight correction from the supply zone . We have to see how the price will react to the supply zone.
⚪the Support range $80 / $78.
🟢the targets $98 / $ 104/ $114 / $124.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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AAVE/USDT inside triangle! Hey, guys ✌️
Next one on our watchlist is going to be AAVE coin. Stuck inside the triangle formation and with one attempt to breakdown we see a good chance for this to happen second time. We will be waiting for price breakdown from current formation after what we will do a DCA for a short position. Any thought here?
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
✅TS ❕ AAVEUSD: still moving✅✅ AAVE has once again gained a foothold over the channel.
The chart is still under the resistance area.
I expect the price to rise after overcoming the resistance. ✅
🚀 BUY scenario: long to 101.6. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
AAVEUSDT Short trade setupAave is currently in a bullish channel.
So after seeing a correction, I tried to catch the second leg on 50% percent pull back, there for my entry was at 86.8
My SL was 51% from first leg ehich was 86.93 as it would decline this idea in case of doing more.
I did this setup as I was expecting for a 50% pull back on BTC as well which we are heading too.
So based on MM of pullback, my target is around 81.5 which is also a retest of down trend on channel.
This a very good example of 50% pullbacks on price action strategy.
Lets see