CharlesPark

DEFI boom! Here is another DEFI coin about to explode!

Long
CharlesPark Updated   
BINANCE:AAVEUSDT   AAVE / TetherUS
1) AAVE is making a cup and handle pattern.
AAVE tested the cup and handle support line today, and it supported well.

2) MACD made golden cross, and the two lines are splitting well.

3) RSI looks good.

4) At the moment,DEFI topic coins are on the rally. I think this one will ride the rally.

Trade at your own risk.

XOXO.
Comment:
Update : Because of BTC bearish trend,
AAVE is weakening and the support trendline could not support it.

BTC is about to show trend reversal, making some bullish signals.
Let's watch how BTC moves, then I'll update this analysis.
Trade closed: target reached:
Trade was successful.

The price touched 1.618 level(Fibbo lines) which was $ 650,
which was higher than the initial price of my chart(about $ 500)

Sorry for the late update. I was busy with my real life work.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.