AAVE / TetherUS
Long

AAVE-USDT(Horizontal Channel Breakout)

134
An open-source decentralized lending and borrowing DeFi protocol built on top of Ethereum and enable the users to borrow and lend a wide range of crypto assets without the involvement of any third party institution like a bank. The total valued locked (TVL) in lending protocols currently stands at ~$39.6 Bn, which Aave alone has locked in ~$11.96 Bn in its protocol

On the daily time frame, Aave has been consolidating in a range since Feb 2021. It has given a breakout from the range and it seems to move to its new highs.

The support to the lower side is placed at $530 which is the upper limit of the range while it may give targets of $750 in the near future.

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