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AAVEEUR

Mean Reversion trades on AAVE Mean Reversion is the simple strategy of price moving 'too' far away from its averages and potentially requiring a reversion before either continuation or ideally total reversal Aave has been offering some beautiful mean reversion entries for us recently even to the point of essentially two sigma. Both the buyzone meanmove right to the sellzone meanmove. That is not usually the case to capture both in consecutive order but of course happy to see it happening to aave and a few others we are routing. The strategy is based more so around the reversion to mean(s) rather than the total reversal Is nice when able to capture the total reversal one peak to the next but the strategy is focused primarily on alerting once candle is 'too' far away from mean and then riding it to touching mean (even if just for a moment). These are usually short held positions rather than multi day long swing trades. Good to focus on largecap even more so largecap 'monopolies' Increasing interest in the monopolies in the crypto space as everything has taken a hit due to liquidity consolidating into either US yields or US dollar or even within the crypto space consolidating into ethereum away from nameless countless junk tokens. These alerts are currently set up for just largecap as the volatility in smallcap can create a ton of risk to this strategy as volume is needed as confirmation of previous prices to revert to. I do also think monopolies will lead + be safer in macro retraces in bull market or macro reversion to mean even if just to tap 9ema on weekly before continuing bull moves.
by SoftQuant
6
AAVE/EUR Weekly Analysis (03-04-2021)1D-Chart: - Since it has already break above the 'Main Triangle Upper Resistance', there is a bigger chance that the price will go up. - Supertrend: Already bullish - SMA 20 & 50: Price already above both MAs, and soon MA50 will cross above MA20. Another bullish sign. - MACD(12,26,9): Still bullish, no divergence. - RSI14: Hidden divergence -> bearish continuation According to those facts above, I think: - Currently Bitcoin has been ranging at around $59,000 for a few days and it could break out anytime, so the bullish/bearish of AAVE would really depends on where Bitcoin is heading to. - The market of AAVE prefers a bullish one, but being very cautious. So the price might goes up, but slowly. The minor Fibonacci channel (parallel with the Main Triangle Upper Resistance line) will come more in play. Possible Resistance: - Minor Fib Channel: Level 0.618 (current price) - Main Triangle Lower Support: @366 - 1D R1: @372 - Minor Fib Channel: Level 0.786 (@384) - Major Fib Channel: Level 0.236 (@384) Possible Support: - 1D Pivot: @320 - Minor Fib Level 0.382 & Major Fib Level 0: @290-305 area Remember, this is the crypto market, and anything can happen. This is not a financial advice, but just my own analysis/thought. ** If you agree and enjoy this idea, please like and/or comment. ** If you think I make an analysis error, please also share your thought so I can learn from my mistakes. Thanks!
Long
by lingsond
AAVEEUR still has potential on the long runHi all, as we can see, AAVE keeps respecting the main bands within the Pitch fork. In the past few days we saw sideways and big reactions on BTC changes. Also big money was accumulating BTC by using the alt coin/BTC pairs, so they do with AAVE/BTC as well, resulting in price decrease in the AAVE/EUR side. AAVE also kissed the lowest parts of the fork, but bounced back nicely, consolidation is necessary, but I think time is near for another push upwards, with a new ATH probably. As I am long here, I am confident to see more profit coming in our way here. It is also worth to have a look at AAVE/BTC time to time to see what can we expect. Let me know what do you think, feedback is more then welcome! Cheers
Long
by villa84
2