AAVE - ShortGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
AAVEUSDT trade ideas
AAVE/USDT Had a BREAKDOWN where NOW? Hey traders👋
AAVE coin had a nice breakdown from local trend where currently it is going under the re-test to that same trend as well!
We are keeping an eye on that re-test where the last holding zone is 100EMA. We see a good potential for coin to show some bearish scenario. Keep your eyes opened and hands ready for potential drop to happen!
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
AAVE - Still Targeting New Lows
June's Breakout: AAVE broke the trendline to the downside in June. But this didn't continue as expected; it was a false breakout.
August's Breakout: In August, there was another breakout, and this time, the price is continuing in the breakout direction. This means the movement is more reliable.
Target Price: Looking at past price data, the 2021 low of AAVE was at 45.60. Given the current trend, this price level seems to be a very likely target for AAVE to reach.
RSI (Relative Strength Index) Observation: There's no RSI divergence. This means that the RSI (a momentum indicator) is in agreement with the price trend. It's a reinforcement to the analysis.
2020's All-Time Low: It's uncertain whether AAVE could reach its all-time low from 2020. We'll need to monitor further price movements to make a judgement on this.
Downward Trend and Support LevelsOver the course of the past month, AAVE has exhibited a consistent downward trajectory in its price movements. This decline has been particularly notable due to its breach of the lower boundary of its short-term upward channel, followed by a precise retracement to the channel's lower limit. This retracement has effectively extended its bearish trend towards a crucial support zone at the $50 mark.
It is noteworthy that this support level aligns perfectly with the lower boundary of the currency's weekly trading range, historically recognized as a robust demand zone. However, given the prevailing market conditions, there exists a notable potential for further penetration of this support, prompting concern regarding the breach of previous price floors.
When referring to these previous floors, we are alluding to the support levels that were firmly established in the year 2023, particularly within the range of $47.5. As it stands, the current market sentiment has created a scenario where the potential for additional price depreciation looms large, with the possibility of AAVE descending further and reaching the support range of $46 becoming increasingly plausible. This suggests that AAVE may face continued downward pressure in the near term, as it grapples with the challenge of breaking through these crucial support levels.
AAVE next support zonesDear all,
I would like to draw your attention to the current state of AAVE. In daily trading, AAVE has broken its main pivot, indicating that it may reach around $50 in the coming weeks. I recommend exercising caution and waiting until it reaches the support zone before making any investment decisions. This will provide an opportunity to enter the market at a lower price and potentially yield a profitable return.
Thank you for your attention
AAVE IS ON SUPPORT AAVE is on a support after the breakout formed with the bearish flag created. Here we see the price is being supported on the highlighted zone which can possible create a bullish reversal. By any chance of a bearish breakout on this level may invalidate the trade setup.
Consolidation Phase | Wait for breakoutChart 4H TF
AAVE still in consolidation phase in range 54.8 - 57.5
Besides, AAVE has the support by ascending trend line and the resistance at 57.5
AAVE has touched 3 times to the support line so how's about fourth?
Wait a confirmation and see what happen
AAVE 50$ price level stands as strong support. Will it break it?If you look on the chart, 50$ price level stands so far as strong support. And its been 5 times, #AAVE bounced from this level.
In this Technical Analysis I want write more about possible short term moves.
You can see orange line that is Support right now. To open a short position, I would wait the coin to close with 1H - 4H candle (with body) on this line or below it. In this case the coin can drop back to 50$ or even lower.
Long position I would open If i see 4H candle close above the resistance line 56.75$ in this case the coin can bounce to other levels above (red lines) that you can see on the chart. How intense that move will be - currently hard to say. Because we are in Bear market right now. But, some news or Market Makers if they want they will push the price higher.
Thats why manage your risks and put SL to BE always
AaveusdtSitting around the range lows for the bear market..
Broken out of dotted white line but solid green line is sitting just above,
Break that and we probably see a revist of range high or at least mid range at some stage before the end of the year..
That being said the market is seriously bled right now so a turn around could take some time..
Very low liquidity environment
That being said, the obv is still in a bullish trend for the year on this chart at least..
Macd at approximafe low of range also, hinting a double bottom
So it could bounce this month and surprise everyone calling for lower on btc 24k callers, crypto has a habit of frontrunning the last move down so we'll see i spose
Any move lower should be seen as an opportunity for spot accumulation at these levels..
AAVE/USDT Trend is WEAK?Hey traders👋
AAVE coin is another one that caught our attention here with price being at trend and not showing any strong volume there. While trend is supposed to have a volume behind this time it seems to be getting weaker and weaker so we are looking for a price to have a breakdown after what we want to see a re-test.
If this plays our and re-test happens this would be our entry zone!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern. Price is now retesting that breakout but if successful, it could revisit $65 resistance (upside potential). Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
AAVE dump down to $26 - $18 rangeOne of the biggest defi coints is printing a bearish ascending triangle where wave (e) is currently underway.
Once completed, it should take price down to $26 - $18 range. Nice setup to short!
Brief Analysis——AAVEBTC fell yesterday and returned to the price before the pump. Affected by SEC, many tokens have experienced decline. The energy of Grayscale's victory was exhausted. Today's brief analysis will continue to review tokens that have been analyzed in the past. We chose NEAR and AAVE today.
As we expected, AAVE fell further after our last brief analysis. During the rebound in early August, the performance of the bulls was weak, and the price quickly came to the lows in June.
After the last round of decline, the bulls still have not strengthened, and the trading volume is almost half that of the previous two weeks. The nearly half-month rebound only covered the long red candle of Aug.17. The same as NEAR, when the entire market begins to rise, it is difficult for AAVE's bulls to strengthen (the slope of the green arrow is flat), but when the entire market begins to decline, the bears of NEAR was stronger than most tokens. On Wednesday, the bears' attack started again, and the price quickly approached 55, which is a support level.
Conclusion: The high probability decline has not ended. Although AAVE remains neutral on a large scale, you can clearly see the gap between bears and bulls from the chart. The bulls may strengthen after price approaches 55, but a reversal is unlikely. We set new resistance level at 60 and support level at 50.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
AAVEUSDT 12HBearish Flag and inverted Cup & Handle pattern on 12h chart. So we will test the support zone. Wait for a breakout.
AAVE: Channel Down BreakoutAAVE (AAVE) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern. Price could revisit $65 resistance. Overall trend is down, therefore, this a trend reversal trade setup, which is a higher risk trade than continuation patterns.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $50. The nearest Resistance Zone is $65 (previous support), then $80.
AAVE/USDT is Likely Ready for Another Correction | AAVE Analysis💎Paradisers, let's focus on AAVE/USDT for a moment. It's currently navigating within a descending channel, and gearing up for a potential downward breakout soon.
💎If the breakout materializes as anticipated, it's likely to set off a rapid corrective phase.
💎 The dual confirmed order blocks on the shorter timeframe are worth noting. These are likely targets for the price, given the existing liquidity in those areas.
💎In past action, we observed a shift from demand to supply, leading to a notable decline in price and aiming for the prior Order Block (OB).
💎As always in the fast-paced crypto world, staying alert and adaptable is crucial. Keep your charts updated and stay tuned for more insights! 🌴
AAVE/USDT Another Push To EMAs? Hey traders👋
AAVE coin is back with another potential for a re-test to upper zones. We are still looking for price to go for that upper zone here from where on we will be looking to short this coin! Keeping both eyes opened here!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
AAVEUSDT needs to create a clear breakout to change the trendRetest of Weekly Level at $50: The current market situation involves AAVEUSDT retesting a critical weekly level around the $50 area. Weekly levels are notable historical price points that can have a significant impact on price movements.
Previous False Breakout and Head and Shoulders Pattern: The analysis indicates a prior occurrence of a false breakout and the formation of a head and shoulders pattern. The head and shoulders pattern comprises three peaks, with the middle peak (the "head") higher than the two flanking peaks (the "shoulders"). It often signifies a potential reversal from an uptrend to a downtrend.
Clear Breakout Zone: $60-$65: According to the analysis, for a potential long trade, the market needs to create a definitive breakout above the $60-$65 area. A breakout refers to a significant price movement above a key resistance level, indicating a potential shift to a bullish trend.
Plancton's Rules Application: In line with Plancton's Rules and aligned with the analysis, consideration is given to a new long position if the price successfully experiences the mentioned breakout. A long position involves acquiring the asset with the anticipation of its price increasing.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
AAVE coin is on the long list with a level of 58.97Hello everyone!
AIHermes today identified the coin AAVE on the long list with a level of 58.97
Entry model - breakout! Leverage 10-20X
Stop short.
We see a long accumulation and a gorgeous squeeze!
1st target 60.79
Trade with us, trade better than us!
Today:
19 coins on the short list
18 coins on the long list
AAVEUSDT LONGAAVE USDT Currently at a level which can consider the came to the lowest price as per the Elliot wave count.
Anticipation is to have good five wave structure.
AAVE/USDT looking for potential bullish movementHey traders👋
AAVE coin seems ready for a little bullish run here. AAVE is going for some CME gaps which have been left unfilled so let's see what we will end up here with!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
