AAVE new bullish impulsion tentative expected




Market & Ticker: AAVE - AAVE/USDT 


Date: 03/08/2023 

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



AAVE didn’t break 88,00 resistances in July (first target) after having being impacted by the CRV negative price action. AAVE is retracing its first bullish impulsion towards 58,00 before expecting a new tentative.  
We adjust the key levels to watch, as long as 54,00 remains a tactical support valid in daily a new upside swing is expected towards 77,00 key resistances adjusted to break above to open 105,00 Resistance area. 



Technical Key Elements: 


- AAVE keeps potential to test the upper part of the blue range at 105/122 
- RSI indicator is close to pullback trend line 
- The Moving average are acting as resistance on the near-term calling for a test of 58,00 
- Fibonacci key support is adjusted at 54,00 while the Elliot wave shows upside potential towards 105 and 122 

Trade Idea conclusion:  Buy - Conviction:




Target 2: 105 

Target 1: 77 

Buy: add in dip area 58 

Stop: 54 




Chart: Daily Basis (Candle Stick) - Logarithmic  


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




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