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SHORT trading signal AAVEUSDT

Signals and analysis of altcoins

Good morning Traders,

Today, September 07,  Lift-Off offers a SHORT trading signal on the altcoin AAVE, a signal that was formed on the September 6 candle.

The crypto closed the day Tuesday by marking -8.23% at USDT83.60.

Below chart of AAVE with the signal detected by Lift-Off

Two words about the AAVE project:

"Aave is a decentralized financial protocol that allows people to lend and borrow cryptocurrencies.

Lenders earn interest by depositing digital resources into specially created liquidity pools. Borrowers can then use their cryptocurrency as collateral to take out a flash loan using this liquidity.

Aave (which means "ghost" in Finnish) was originally known as ETHLend when it was launched in November 2017, but the rebranding to Aave occurred in September 2018. (This helps explain why the acronym for this token is so different from its name!)

AAVE offers holders discounted rates on the platform and also serves as a governance token-giving owners a say in the future development of the protocol. Some similar decentralized electronic currency concepts predate BTC, but Bitcoin holds the distinction of being the first cryptocurrency ever to actually come into use."

Source: coinmarketcap.com

Signal Board of September 07, 2022

SHORT - AVVEUSDT

Input Price: $83.60
Stop Loss: $100
Take Profit 1: $45.50

R/R: 1:2

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