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Aave (AAVEUSD) Price: Sellers’ Momentum Increase, TAMA, Buy and Buy Long!

Aave (AAVEUSD) Price: Sellers’ Momentum Increase, TAMA, Buy and Buy Long!

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Sellers dominate Aaven’s market

Aave (AAVE) Price Analysis – September 3rd

The main resistance levels to watch out for are $29, $42 and $58. A move down could take AAVE to $10. A bearish rally is expected to occur at the $10 support level, exposing the coin to the $08 and $05 support levels.

AAVE/USD market

Key levels:

Resistance levels: $29, $42, $58

Support levels: $10, $08, $05

 

AAVEUSD Long Term Trend: Bearish

The ghost is under the control of the bears. The countdown began on April 2; This is clearly visible when the descending engulfing candle broke the former support level of $58. More bearish candles continue to appear and the price tested the $10 support level. It rebounded and retested the $29 resistance level. Currently, the cryptocurrency has yet to break the $10 support level.

The daily chart has shown that sellers dominate the market. Price is trading below 9 period EMA and 21 period EMA. Currently, the main resistance levels to watch out for are $29, $42 and $58. A bearish move can push the price to $10. A bearish rally is expected to occur at the $10 support level, exposing the coin to the $08 and $05 support levels. The Relative Strength Index (14) is moving down at 32, indicating further downward movement.

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AAVEUSD Medium-term trend: Bearish

Ghost is descending in a 4 hour time frame. Crypto has been very bearish on the 4-hour chart; this may be due to constant pressure from AAVE vendors. Buyers tried to push the price higher, but sellers are resisting the $29 move. The price development continues as a downward trend from many days ago. The market is moving lower and this may continue unless the $10 support level holds.

The price is below the 9 period EMA and the 21 period EMA as a sign that the Sellers are in control. The relative strength index period (14) is about to bend to the 43 level to indicate a sell signal.

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