AAVE/USDT AAVE about to accelerate to the upside


Market & Ticker: AAVE - AAVE/USDT

Date: 16/02/2024

Horizon / Timing: Tactical Mid-term / 1 to 3 months


AAVE bounced off support area at 75/85 and present now key element for strong bullish acceleration

At current price we adjust the Tactical support area at 85.00 (prior 63 in January 2024) and the buying area at 92 anticipating a new bullish phase towards 108.00 confirmation level to break above to open 158.00 and 170.00.

Technical Key Elements:

  • AAVE reached key support area at 85
  • RSI indicator is positive with upside potential
  • The Moving average are challenged
  • Fibonacci key support is adjusted at 85 while the Elliot wave shows upside potential towards 108 and 158

Trade Idea conclusion: Buy - Conviction: High

• Target 1: 158 • Confirmation: 108 • Buy: add in dip area 92 • Stop: 85

Chart: Daily Basis (Candle Stick) - Logarithmic

Indicators: Exponential Moving Average (21/34/89) - RSI (21)


Disclaimer : The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.