Aave (AAVEUSD): Setting Sights on Long-Term Growth

Aave (AAVEUSD): AAVEUSD

Aave is considered a very interesting cryptocurrency for us, both fundamentally and technically. We have concluded the overarching Wave II at $45.28. Since then, there has been a sideways movement, but it's essential to note that we are in the overarching Wave III. The minimum target for this Wave III is currently an 871% increase, which is a tremendous surge and is considered realistic over a very long-term scenario. This won't happen today, tomorrow, or even in the next few months, but it remains a highly interesting coin for the long term.

Currently, we are subordinately finishing up a Wave (1) and are in the process of completing Waves 3. Zooming in further, we are in the midst of completing the encircled Wave ((iii)). This should reach between 61.8% and 100%, equivalent to $132 and $163. After this, we should see a pullback for Wave ((iv)) before completing the overarching Wave 3. We will be looking for an entry for this Wave ((iv)).

Comment:

🟢 Trade Update Long-Term🟢

Aave #AAVEUSD

We got filled on Aave and we had a nice reaction but we are seing a pullback now. It is possible that we have not yet developed the three correctional waves yet but as long as we are not coming below the low of $105.24 we are looking for more bullish momentum at least in the short term.

Comment:

Since our entry into Aave, the cryptocurrency has performed very well, and we're up 11% from our entry point. We now assume that we are in a subordinate Wave (iii), having completed Waves (i) and (ii). Thus, we should not fall below the level of our completed Wave ((iv)), which is at $105. Moving forward, we expect to complete subordinate Wave (iii), followed by Wave (iv), where we can set new entries, and then for the overarching Wave 3, we anticipate a range between $158 and $170.

We move our stop loss to $103.38