AAVEUSDT Daily TA : 01.15.22 : $AAVEAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Aave
#AAVE above 50 SMA again - more tasks to finishAave 's 6 tasks on the daily chart...
1. break the 50 SMA (done)
2. break the MA Ribbon and turn it bullish
3. break the red price channel
4. break the 200 SMA
5. break the volume resistances
6. confirm the breakout(s) and have fun 😎
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
AAVE- 6th Attempt means : 'Likely To Test the 330$'The 3rd and 6th attempts are the strongest ones ((those who know me for a while know, if you don't know follow me and stick around to understand what i mean in a few days).
AAVE is rising again after a recent Pump and Dump (rise and fall):
You guys ahd been informed here on the 5th attempt : and also informed nicely on the rejection here:
AAVE is a great project, in our liking.
News:
Aave launches its permissioned pool Aave Arc , with 30 institutions set to join
The lending platform added a permissioned liquidity pool to its other decentralized offerings as a way to entice institutional participants to have regulatory compliance in DeFi.
One Love,
the FXPROFESSOR
AAVEUSDT long position in 1H time frameAAVEUSDT seems to be passing the resistant area, however we still can't see good volume which suspects the breakout to be a fake breakout. If the breakout is real, it would be logical to open a long position on the pull back; yet it's still risky to open a real long position. The next major resistant area is 285 and the SL is below 190. Also, things might go wrong if we lose the trend line.
$BTC Long Update - ALT entries*BTC update - searching for entry
-> Following FED update - large net -ve outflow from exchanges, proportionally and historically
-> Leverage ratio at all time high (0.225)
-> Open interest decreasing
-> OI weighted funding rates finally moving negative
-> Max pain significantly above index prices
*Overall - on chain appearance indicative of closing in on bottom, but OI still elevated
Impression:
> Look for short term trigger for grind up, negative flush and then buy ins.
> My targets on screen
--> ALT triggers
Using BTC targets for ALT buys - proportional value % greater
Look for good projects, with more developed tokenomics, more established, likely to see divergence here from underdeveloped LCGs (low cap gems) - risk off in market atm
Target pairs:
$SRMUSDT
$AAVEUSDT
$SNXUSDT
AAVE MariaAT A GLANCE: Going through some tickers setting alarms and tracking. Fun little run up. These are a couple bullish ideas im seeing at the moment. Breaking below the previous neck line and flipping it to resistance, would not be ideal but will have to check the context if the alarm goes off.
Aave 's 6 tasks on the daily chart...Aave 's 6 tasks on the daily chart...
1. break the 50 SMA
2. break the MA Ribbon and turn it bullish
3. break the red price channel
4. break the 200 SMA
5. break the volume resistances
6. confirm the breakout(s) and have fun 😎
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
AAVE (Aave) Token Analysis 30/04/2021Fundamental Analysis:
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol.
The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction.
Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future.
Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake.
Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed.
Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending.
According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community.
Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees.
An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project.
AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort.
In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.)
The live Aave price today is $436.70 USD with a 24-hour trading volume of $589,636,972 USD. Aave is down 3.64% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $5,453,541,942 USD. It has a circulating supply of 12,488,046 AAVE coins and a max. supply of 16,000,000 AAVE coins.
Technical Analysis:
The Token has Done its Initialization and Accumulation and currently Range bounding after some Distribution.
There are total of 3 Targets Defined by Fibonacci Projection of the Initial Impulsive cycle.
3 TP gets confirmed as the Price Triggers the 2 TP which is the 161.8% (Extension) Level of the Fibonacci Projection followed by some Retracement and Price Correction.
🤹AAVE- 2021 downtrend near its end?AAVE was in a downtrend pretty much all throughout 2021. The recent pump got rejected at dynamic/static resistances, but the price is now back at important support zone(green), giving us a solid pre-breakout entry:
Entry(pre breakout): buy between current price -- 210.0 -- or buy first given pullback once the price breaks above 281.6 (safer entry)
Targets:
252.4(short term)
281.6(short term)
and then:
341
427
461
487
538
612
668
----------------
About AAVE:
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Source: coinmarketcap
AAVE is suitable for mid-term investmentAAVE has reacted very well from the $ 150 range on a weekly TF, which is a sign of its strength. This coin is suitable for medium-term investment. Enter if the negative trend line is broken, and in the case of correction, the range of $ 200 to $ 220 is suitable for entry. Targets are $ 425, $ 580, $ 970 and $ 1,180.
Today the day of breakout for AAVE ?!Today the day of breakout for AAVE ?!
After the RSI breakout AAVE tries to break the well respected price resistance.
So... todays daily candle close is very very important !
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Long AAVEUSD - A validation of the bullrun towards $430First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We reached a low marking the end of our phase 2 correction around $153, which formed the ABC sub-waves (purple) in a Zig-zag pattern.
We then traced the phase 3 of our impulse which is waiting for us to cross MM200 which has become an important resistance as well as our Kumo.
Finally, we need to cross the $430 mark to validate the Elliott wave impulsive structure and take off towards our next objective of this wave 3.
To conclude we have two main objectives before the validation of the bullrun :
The first one is located on the MM200 and close to the Kumo around 300$.
The second is located around $430 corresponding to the old highs to recover.
Let's give AAVE time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!