AAVEUSD headed for double bottom target?AAVE token made two lows in April and July of this year
On RSI this resulted in a divergence, as the prices made a new low but RSI failed to make a new low
This was followed by a failed attempt to break the neckline to the upside.
Finally in August we saw the token successfully break the neckline inspite of weakness across the crypto space
This breakout has sustained and now AAVE seems headed to hit it's double bottom targets
Aaveusd
AAVE NEXT MOVEMENT! AAVE is the only big market cap coin which is against the current bearish movement of the market. Chart and market sentiments show when weekend happens, it will show bearish as market will become ultra bearish after Thursday or Friday. So shorts are more favorable.
Targets could be 104, 100, 98, 94, 88
AAVE USDT Swing Long Setup - AAVE is currently done with its last wave of retracing
- IMO it can now start moving up very quickly and impulsively
- AAVE can start or follow the DEFI-driven rally very soon
- All you guys need to keep in mind to keep maximizing your gains is to keep holding this and not book minor gains here
- Add more size in every drop you see until the whole trend changes to bearish
- Keep holding this with patience and do not get thrown out because of Liq grabs.
💡Don't miss the great buy opportunity in AAVEUSD @AaveAaveTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (162.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 174.4
TP2= @ 181.4
TP3= @ 191.4
TP4= @ 209.9
TP5= @ 234.7
SL= Break below S2
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💡Don't miss the great buy opportunity in AAVEUSD @AaveAaveTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (137.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 78.
Take Profits:
TP1= @ 147.7
TP2= @ 172.5
TP3= @ 191.4
TP4= @ 220.8
TP5= @ 240.9
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in AAVEUSD @AaveAaveTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (218.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 250.6
TP2= @ 268.6
TP3= @ 288.6
TP4= @ 317.7
TP5= @ 344.9
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
March 15-17 could be the breakout periodClearly this is heading in the breakout triangle whether it is up or down shall be decided during the March 15-17th 2021.
If it breaks out on upper side over 560 should happen and if it breaks down below 230 should be support zone..
Trade with caution.. this is purely for educational purpose and not financial advise.