Aave Cryptocurrency (AAVE) Analysis

Aave Cryptocurrency (AAVE) Analysis


Our view of the Aave Cryptocurrency (AAVE) is continuing the uptrend direction that we predicted before.

 

If you missed the last (AAVE) article you could read it here >>> Aave Cryptocurrency (AAVE) Analysis>>>18 Jan 2021

 

Let's view the amazing (AAVE) cryptocurrency’s history to understand its movement. 

(AAVE) is trading now at $ 274.269

 

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

 

So let’s go step by step with the probability which could be affected by the market trend in general & the (AAVE) chart indicators & dedications in order to update the support & resistance areas that we will mention below.

 

As we see there’s increase have been happening in the daily trading volume that shows the power of buyer than a seller, which indeed increasing the (AAVE) price, So we have to announce to never forget the balance that will happen to correct the direction (new support & resistance areas) in order to keep up the bullish trend

 

Otherwise, we have a new good control volume area around the area of $ 220.000 

 

Finally, we never Forget to Trade wisely as we advise buyers & traders to follow the nearest support areas, never hesitate to place a stop loss, as breaking these areas leads to a grand fall down, no one knows what will happen.  

 

As Shown

The Chart Below

 

288063a59681b6ebfdb2af842c21b67dbf3e07486a0adad20ef574b83205c274.png

 

Prediction:

Target: Going to hit higher areas to reach $ 500.000 sooner.

Aave Cryptocurrency (AAVE), if the price of $ 245.000 is broken, it may target levels of $ 227.000

 

Support & Resistance:

Support: $ 220.000 - $ 199.285 - $ 147.270

Resistance: $ 288.900

 

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 Khalil
Ayman Khalil

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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