$AAVE/USDT 3D (#BinanceFutures) Falling wedges on support

22 feb 2022

Aave is looking bottomed here on High Time-Frame (HTF) and is very likely to bounce back on historical demand zone.

Current Price= 132.77
Buy Entry= 131.50 - 117.30
Take Profit= 169.60 | 220.18 | 275.84
Stop Loss= 93.45

Risk/Reward= 1:1.46 | 1:3.09 | 1:4.89
Expected Profit= +36.33% | +76.99% | +121.74%
Possible Loss= -24.88%

Fib. Retracement= 0.236 | 0.441 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 6 months

Tags: #AAVE #AAVEUSDT #Yield #Farming #Lending #Governance #DAO #DeFi #BSC #SolEco

Website: aave.com/

Contracts:
#ERC20 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9
#BEP20 0xfb6115445bff7b52feb98650c87f44907e58f802
#AVAXC 0x8ce2dee54bb9921a2ae0a63dbb2df8ed88b91dd9
#SPL 3vAs4D1WE6Na4tCgt4BApgFfENbm8WY7q4cSPD1yM4Cg
#Fantom 0x6a07A792ab2965C72a5B8088d3a069A7aC3a993B
#Polygon 0xd6df932a45c0f255f85145f286ea0b292b21c90b

24 feb 2022

Trade attivo

First entry filled

Aave bounced back as expected so far with up to +9.03% (1x) since called, nice start!

24 feb 2022

Trade attivo

Second and third entries filled

Aave went for deeper retest of the "do or die" support, let's hope it does not break down! 🤞🏼

17 mar 2022

Nota

Up to +19.31% (1x)

Aave bounced back quite accurately and finally broke-out of the wedge, continuation seems likely!
We adjusted targets (check chart) to make them more reachable, and stop as well to keep a good RR.

29 mar 2022

Trade chiuso: obiettivo raggiunto

TP2 reached with +54.78% (1x) and +2.73R

Aave continued upwards and hit upper-line of the biggest descending wedge!
Just got rejected on 50MA resistance, SL adjusted to highest entry (131.50) now.

31 mar 2022

Trade chiuso: obiettivo raggiunto

TP3 reached with +79.24% (1x) and +3.95R

Aave pushed higher and went retesting 100EMA resistance, what a recovery, glad we caught the bottom of it!
Trade is fully closed now, last target was originally 275.84 if you want to keep a tiny bag towards it, but we are out.