✴️ Aave | Over 250% Potential (Name Your Altcoin #49)

16 Feb 2023

I am using the linear chart here so we can better appreciate AAVEUSDT growth potential.

Currently, this pair is trading near a multi-year low and just starting to go bullish.

The low that was hit in June 2022 is the same level from which AAVEUSDT produced a massive bull-run back in November 2020.

As this level was activated, we had a massive increase in trading volume, mostly buying for months.

After a new multi-year low is activated and is followed by months of accumulation, what follows is a change of trend.

We are getting out of a strong bear market, the bulls are next.

Prices still trade below EMA50 which means that AAVE is early compared to other pairs.

The bullish bias has been confirmed as the price currently trades above EMA21 and EMA10.

With these signals in place, only time/patience is needed for the breakout to take place.

The first and main target is set at $178 but AAVEUSDT can go higher and hit $300 or more in the months to come.

This is in the short to mid-term.
Long-term there will be a new All-Time High, it will take more than a year before we get there.

Namaste.