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Weekly forecast Aave technical chart
Symbol AAVEUSD
Trade Setup

#AAVEUSD
Total Profit: 2295 point (408%)
Closed trade(s): 369 point Profit
Open trade(s): 1926 point Profit

Trade Setup:
We opened 12 BUY trades @ 56.9 based on 'Valley' entry method at 2023-01-04.

Closed Profit:
TP1 @ 60.1 touched at 2023-01-09 with 32 point Profit. (6%)
TP2 @ 67.5 touched at 2023-01-12 with 106 point Profit. (19%)
TP3 @ 80.0 touched at 2023-01-14 with 231 point Profit. (41%)
32 (6%) + 106 (19%) + 231 (41%) = 369 point (66%)

Open Profit:
Profit for one BUY trade is 78.3(current price) - 56.9(open price) = 214 point (38%)
9 trade(s) still open, therefore total profit for open trade(s) is 214 (38%) x 9 = 1926 point (342%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateMarch 19, 2023 - 09:49
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 45.5, continuation of uptrend is expected.
  • We make sure when the resistance at 116.0 breaks.
  • If the support at 45.5 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 64.0 on 03/11/2023, so more gains to resistance(s) 80.0, 94.5, 98.5 and maximum to Major Resistance (116.0) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 60.1
  2. 67.5
  3. 80.0
  4. 98.5
  5. 116.0
  6. 186.5
  7. 261.0
  8. 347.5
  9. 418.0
  10. 535.6
  11. 667.5
Click on the level to view price action history.
Symbol Released Current Forecast
Aave (AAVEUSD) Sat, 3 Jun 2023
Aave (AAVEUSD) Sun, 28 May 2023
Aave (AAVEUSD) Sat, 20 May 2023
Aave (AAVEUSD) Sun, 14 May 2023
Aave (AAVEUSD) Sun, 7 May 2023
History
Daily-Trading-Opportunities on AAVEUSD.