AAVE – The price is close for a delicious purchase in long
For six months we have not updated the AAVE idea. Those who interested can see a series of AAVEUSDT ideas in our profile, where we described in detail about the project and our thoughts on possible future price movements.
If you look at the current AAVEUSDT chart, you can see that over the past 10 days, buyers have become more active and were able to raise the price by x2. After that, the price hit a strong mirror level of $340, which previously coped with the role of support.
Now the local correction of the AAVE price has begun, during which we will see how strong the buyers are.
If this correction ends around $250, then the assumptions that there are many buyers and they are serious about driving the AAVEUSD price higher to the next mark in the zone of $500, according to the white scenario, will be confirmed.
If sellers push the AAVE price below $250, then the next zone where buyers should activate is in the range of $190-210. And after a while, we can safely wait for the growth according to the blue scenario, the upper global target of which is in at $800-860.
CRV in the range of $1.3-1.35 you can risk and buy
Weak and lack of initiative CRV token growth, which began on 22 June, ends. In 15 days, buyers managed to raise the price by 54%. However, the main target of buyers – to take control of $1.68-1.77 has not been fulfilled. Looking at the daily timeframe, we see the range of $1.68-1.77 until 19 May was a powerful liquidity zone:
At first, in January 2021, buyers could not immediately break through this range without great effort. Then in February we see that the liquidity zone of $1.68-1.77 has already helped buyers.
At the moment, after a powerful fall wave, the range of $1.68-1.77 is still neutral. Based on the trading volumes, it becomes clear that it will be difficult for buyers to keep the price above this range now. Therefore, we will expect another local wave of the CRV price falling to the level of $1.3-1.35. Below the range of $1.3-1.35, sellers will take full control of the market and continue falling with a target of $0.9.
Nevertheless, now the main scenario for us is the formation of a new growth wave to $2.8.
