RELIEF RALLY | How HIGH can Aave Coin Go? Aave Price Prediction

Hey guys what’s up it’s frank here from Altcoin buzz so obviously we’ve seen a Lot of blood over the past several weeks But over the past week we are seeing Some notable recoveries one of those Recoveries of course is ave if we have a Look at ave over here we can see that Over the past week it’s had a 26.5 Growth ave currently in 48th place but If we rank it by the growth of the past Seven days ave is actually in Sixth place in terms of its bounce back So we’re going to have a look at the Most important levels The patterns which are playing out and Stick around until the end of the video For me to let you know which are the Levels you need to be watching out for And whether or not this is a trade which You would want to get into we’ll also be Looking at ave btc and ave eth so that You can compare ave as an investment to These other altcoins and also one very Interesting thing to note about this ave Btc graph which we will cover today now For those of you who don’t know altquin Buzz is first and foremost a crypto Investment research company and we have Been providing you numerous 100 x Returns since 2017. so if you want to get in on that Action join our alt queen buzz access Group where we document up-to-date Research covering undervalued altcoin

Gems nft minting opportunities and our Portfolio strategies so click the link Up above to take part in the action or Down in the pin comment section down Below also please don’t forget to like Subscribe and click the notification Bell so that you don’t miss any future Updates and finally please note that None of this is financial advice [Music] Okay so starting out on the weekly time Frame we are seeing this massive massive Descending triangle and we recently had The second touch on the bottom which has Found support so we are currently in the Middle of this triangle this is Technically a bullish pattern but of Course we would have to break out of This diagonal line from the top and of Course we are a long way away from Breaking out of that just yet That being said we have a positive sign Which is a bullish divergence a lower Low in price on the weekly time frame a Higher high a slightly higher higher rsi And a very clear higher high on the macd Histogram so that is a good sign a sign That we might see Some further recovery over the coming Week or two now before we get down to The daily and four hour time frames for Me to give you the levels that you need To be watching if you’re trading ave Let’s have a look at ave btc

Interestingly enough ave btc launched as A trading pair in december 2017 so it’s Been four and a half years and it had a Very very solid run of course we had a Long bearing market but then we crossed Previous high of course this very Notable level of 0.0022 Marked resistance on the first move up It found support And created a massive pivot point on the Way down and interestingly enough we Have come very very close to this so of Course we might break through it again And have a similar instance as we had Before where The wick goes below it and then the next Week brings us back up but it’s Interesting to note that we are back at This critical support for ave ptc and Also interesting to note that ave has Been outperforming bitcoin over the past Four years despite the price action over The past several months being in a clear Downtrend the same cannot be said for Ave eth eth has been outperforming ave Quite clearly over the past year and a Half or so so just something to know Remember if you’re investing or trading Alt coins it’s important to be making More than you would make if you had Simply bought ethereum or bitcoin okay So now going down to the daily time Frame on ave usd T here on binance we are seeing this

Diagonal resistance line we had one Touch over here and then a second touch And now a third touch So the bulls will need to break through This diagonal resistance before we can Show further strength because really What we’re looking at here this channel That we’re seeing here looks very much Like a bear flag we have a significant Move down here and a bear flag of course Is a pattern which signifies that we Will have another move down that we’re Just having a cooling off and certainly The rsi has cooled off significantly so There is a lot of room for it to go down And technically this is what one would Expect for ave usdt on the daily time Frame now remember the weekly time frame Has shown a bullish divergence so we Might expect the price to hold in this Range for a while before we break down But certainly from a technical Perspective we are in a downtrend on the Weekly timeframe on the daily time frame It’s only on the four-hour time frame Where things start to look different and Here you can see that we are in an Uptrend but of course we have this Critical support the most immediate Support of course the four hour is the 93.1 level this is important for two Reasons number one is that it’s the Previous four hour Low or at least the the major pivot

Point of the previous four hour low and Second is that if we break this we will Likely break this bare flag as well and If we break this bear flag for the Downside then we will Likely see more downwards price action Towards the 79.2 dollar level that’s a More important level on the daily time Frame this 79.2 you can see marked a Daily low And then of course if we break that we Have the Major daily pivot point the most recent One which is a 64.8 Level so when it comes to resistance the Important resistance to break will be This level over here the 113.7 Level why because we have seen Multiple support Zones over here in the past so breaking This would be a good piece of news for The bulls now if we zoom out to see what The next potential resistance would be Really as you can see this is a very Clear level the 113.9 The next thing we would do to mark a Potential resistance would be to take a Fibonacci retracement Probably of this whole move down and see Where the next level would be and that Would take us at the 382 So the 139.7 level and then finally i would Take the next major resistance as being

The major volume probably around the 618 Over here you can see these yellow and Blue bars represent where there’s been a Lot of price action in that area so if We were to cross this level this would Be a good sign for the bulls and of Course then we would also have broken This descending triangle but basically i Would not be trading this it does not Look like a very good asset to trade Right now Partly because we’re seeing this weekly Over extension so even though we have a Bear flag and we could potentially short It the weekly is a bit over extended And also because we are seeing potential Support here on ave btc so i would not Be shorting this i would not be longing It yet we do not yet have enough Evidence to suggest that we can be Longing it and in fact if you look at The four hour time frame on the Macd you can see that we have decreasing Momentum here we’ve had a bearish Crossover so things are not looking very Good on any time frame really on ave Currently okay guys that’s been it from Me for today if you enjoyed this video You’ll probably like the previous videos Which i made on b and b which you can Find here as well as cro chronos And with that being said i’ll see you The next one [Music]

You