AAVE/USDT: Inverse Cup and Handle – Bearish Alert!💎 Hey there, ParadiseSquad! Let's talk about AAVE/USDT on the daily chart. It's forming an inverse cup and handle pattern, which might suggest potential bearish movement. Pay close attention to the critical demand level at 45.24. This price point has shown resilience over time. If the price drops below this level, it would confirm a lower low, setting the stage for a potential downward move to the next demand zones at 26.52 and 14.72.
💎On the other hand, there's a chance for a short-term rebound from the 45.24 level, with the potential to reach the overhead resistance trendline. However, if the price defies expectations and surges above the invalidation zone at 119.53, this bearish pattern would lose its validity. Stay vigilant and keep your strategies sharp, ParadiseSquad!
AAVEUST trade ideas
AAVE/USDT Price Alert: Traders Beware of Upcoming Bullish Surge!💎 Paradisers, let's take a closer look at AAVE/USDT. Historically, it's demonstrated three traps within a rising wedge pattern, leading to significant moves. Currently, after breaking its lower trendline, it's making a comeback upwards. This could potentially ensnare traders who went short after the lower trendline breakdown of rising wedge pattern.
💎 Moreover, AAVE/USDT has surpassed its resistive trendline, hinting at bullish momentum. If it manages to climb above the supply level at 66.38, we might witness a bullish surge. This is because short traders' stop-losses would likely be triggered here, propelling the price further. Our eyes are set on potential ascents to supply levels at 67.01 and 67.98. Stay sharp and informed, ParadiseSquad!
AAVE: Potential Correction towards 69-70 and Bearish Order blockAAVE/USDT is currently facing a significant resistance area between 76 and 77. This zone has proven to be a strong barrier for the cryptocurrency, causing price consolidations and potential reversals.
However, our analysis suggests that a price correction is likely in the near term. We expect AAVE/USDT to correct towards the key support level at 69-70. This correction would provide traders with an opportunity to consider long positions at a more favorable entry point.
Furthermore, it is important to note the presence of a bearish order block at the resistance area of 76-77. A bearish order block indicates a significant concentration of sell orders and can act as a strong resistance level. Traders should closely monitor this order block as it may impede upward price movement and lead to increased selling pressure.
Conclusion :-
AAVE/USDT is facing resistance in the 76-77 zone, while a correction towards the support level at 69-70 is expected. Traders should be cautious of the bearish order block and monitor price movements accordingly.
AAVE big shorting opportunity ahead?!On DAILY Timeframe AAVE is making lower highs and there is a formation of reversal pattern on 4 hour timeframe near resistance.Look for breakdown of neckline with good VOL. Will short aggressively below $68.18. (golden fib level 0.618). For the targets of $64 and $52.
Happy Trading!
AAVE Long PlanHere's long plan of aave as described in the video analysis of aave coin
Aave (AAVE) is showing promising signs of a bullish trend , suggesting a potential long position opportunity for traders.
The cryptocurrency has recently retested local support at 4H 200EMA, This retest indicates that the market sentiment is turning positive, and the uptrend is likely to continue in the coming hours.
Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without intermediaries. With the growing popularity of DeFi, Aave has been gaining traction in the market and attracting more users, which could drive up the demand for the AAVE token.
In terms of support levels, 82-83$ are holding firm, providing a potential entry point for traders looking to go long on AAVE. As always, it's important to closely monitor the market and adjust positions accordingly to manage risk.
Aave Coin Back To 100$ ?Aave (AAVE) is showing promising signs of a bullish trend, suggesting a potential long position opportunity for traders.
The cryptocurrency has recently retested local support at 4H 200EMA, This retest indicates that the market sentiment is turning positive, and the uptrend is likely to continue in the coming hours.
Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without intermediaries. With the growing popularity of DeFi, Aave has been gaining traction in the market and attracting more users, which could drive up the demand for the AAVE token.
In terms of support levels, 82-83$ are holding firm, providing a potential entry point for traders looking to go long on AAVE. As always, it's important to closely monitor the market and adjust positions accordingly to manage risk.
💡Don't miss the great buy opportunity in AAVEUSD @AaveAave
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (64.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSDT 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 75
Take Profits:
TP1= @ 73.0
TP2= @ 81.9
TP3= @ 92.4
TP4= @ 103.2
TP5= @ 121.3
SL= Break below S2
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💡Don't miss the great buy opportunity in AAVEUSDT
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (54.24).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVEUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 75.
Take Profits:
TP1= @ 78.32
TP2= @ 88.30
TP3= @ 102.20
TP4= @ 110.25
TP5= @ 124.05
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 @AaveAave
Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (103.5).
. 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 63.
Take Profits:
TP1= @ 121.8
TP2= @ 130.6
TP3= @ 146.8
TP4= @ 160.2
TP5= @ 178.2
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 ❤️