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Weekly forecast Aave technical chart
Symbol AAVEUSD
Trade Setup

#AAVEUSD
Total Profit: 999 point (174%)
Closed trade(s): 369 point Profit
Open trade(s): 630 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 63.9(current price) - 56.9(open price) = 70 point (12%)
9 trade(s) still open, therefore total profit for open trade(s) is 70 (12%) x 9 = 630 point (108%)

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.

DateJune 3, 2023 - 11:33
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 45.50, beginning of uptrend is expected.
  • We make sure when the resistance at 98.50 breaks.
  • If the support at 45.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 69.5 on 05/29/2023, so more losses to support(s) 60.1, 50.0 and minimum to Major Support (45.5) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 45.

Take Profits:

  1. 60.1
  2. 67.5
  3. 98.5
  4. 116.0
  5. 186.5
  6. 261.0
  7. 347.5
  8. 418.0
  9. 535.6
  10. 667.5
Click on the level to view price action history.

Symbol Released Current Forecast
Aave (AAVEUSD) Sun, 24 Mar 2024
Aave (AAVEUSD) free Sun, 10 Mar 2024
Aave (AAVEUSD) Sun, 3 Mar 2024
Aave (AAVEUSD) Sat, 24 Feb 2024
Aave (AAVEUSD) Mon, 19 Feb 2024