Seeking Alpha
2022-08-03 12:30:00

3 Alts With Setups For Higher Highs In The Next Bull Cycle In Crypto (Part 3, Aave)

AAVE is a platform for Decentralized Finance (DeFi).The platform facilitates lending and borrowing of digital assets where borrowers post crypto as collateral and lenders receive interest for funding lending pools from which borrowers can take loans.AAVE is one of the largest most utilized platforms for lending in the DeFi space.Produced in collaboration with Avi Gilburt and Ryan Wilday.From the previous article:For those who have followed the work of myself and Ryan Wilday, you know that while Bitcoin (BTC-USD) has yet to reach our expected targets for rally patterns off of both the 2018 and 2020 lows, we still see the price action as constructive. Price has been in a larger holding pattern, denoted as a flat correction off the April 2021 highs, and the larger degree of support for this perspective continues to hold. Though micro setups have developed to take BTC back to $24k, price has evaded a deeper drop. BTC has not been able to push below $30k for any significant period of time before attracting an excess of buyers who push price back up. In short, expectations for higher targets described in my various articles entitled with some iteration of "Moonpath," still appear to be very much on track.The guidance that we provide in Crypto Waves tends to center around Bitcoin as the core holding among digital assets, and we tend to strike a position of caution around both over-allocating into alt-coins and holding altcoins as lon...

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