AAVEUSDT trade ideas
AAVE Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for AAVE is $47.
Looking forward to read your opinion about it.
AAVEUSDT | HOLDING SUPPORTAAVEUSDT has been in uptrend and price is printing higher highs and higher lows. The price has approached to rising trendline. The bulls can show strength at this zone.
The bulls need to holds this level. While break below support will bring bears in control.
Trade your levels accordingly.
AAVEUSDT is testing the resitanceThe price had a breakout from the rising wedge and now the price is creating an ascending channel below the 4h resistance and 0.382 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the resistance and retest it as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
✅TS ❕ AAVEUSD: consolidating✅✅AAVE is moving in a downtrend. The price is consolidating right now. After the consolidation is completed, we can expect the fall to continue.✅
🚀 SELL scenario: short below the support level.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.