Sirwin
Sirwin

Aave Cryptocurrency (AAVE) Analysis


As we know, the Aave Cryptocurrency (AAVE) has a high historical price of $ 668.00 was in May 2021 then went into the grand bearish as most Cryptocurrencies did & it fell to the low price of $ 45.60 in June 2022.

(AAVE) is trading at the moment in a downtrend direction 

At the area of $ 78.00 >> (support area) >> (very risky) not advisable for beginners

 which means that it will continue following with an aggressive performance (up or down) depending on the chance with volume in order to hit higher again or fall down to another support area.

 I know it's hard to say that (AAVE) is preparing to grand jump for higher areas but who knows, just that we need good trading volume to get in with the right area.

 

So let’s update the support & resistance areas that we will mention below & never hesitate to place a stop loss, as breaking these areas leads to other down areas

As we know each uptrend is followed by a downtrend & vice versa.

 

As Shown

The Chart Below

  

fe9ea27a6fa3c73de15f5ff47625d316b76487d6c9bcbacb35686e1646f2c532.png

 

Support & Resistance:

Support: $ 74.00 - $ 64.00 - $ 45.00 >>> (strong area)

Resistance: $ 94.00 - $ 115.00

 

 

Finally, remember to Trade wisely as we advise buyers & traders to follow the nearest support areas,  

 

Important:

The result depends on our personal Vision which could be right or wrong

 We analyze the past to predict the future.

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Ayman Crypto
Ayman Crypto

Cryptocurrency Analyst


CryptoCurrencies Analyst
CryptoCurrencies Analyst

Hello, Everybody Here is Ayman wishing you all the Best of luck in trading many more cryptocurrencies with pieces of Advice to handle them Very Easy & Earn more money.

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