Aave Smashes All 4 Profit Targets, Sui Hits $1: Chart of the Week Analysis

The Chart of the Week series has consistently delivered accurate predictions, and the past two weeks' focus on Aave and Sui is no exception.

The past two weeks’ Chart of the Week highlighted Aave and Sui, both of which moved as anticipated, enabling traders to hit profit targets and realize substantial gains.

Aave smashes all 4 profit targets

Aave’s price action hit all four profit targets within just three days. The $115 resistance level has a history of acting as a strong barrier for Aave. Our analysis suggested that this resistance would hold, and Aave would likely face a pullback. Those who followed our guidance and entered a short position around the $115 mark saw major returns as Aave declined by -21.74%.

Sui Hits $1

Our analysis identified a potential for upward movement in Sui. For traders who followed our advice and used the hourly chart to time their entry, an optimal position could have been taken around 10:00 AM UTC on August 10 at $0.88. Again, by Monday, the price action hit both profit targets at $0.9271 and $1.00, resulting in a 13.64% gain for those who exited at the second target.

Conclusion

The effectiveness of the Chart of the Week analysis will continue to manifest in the long term, but the prediction success rate currently stands at 92.31%, with 12 out of 13 trades being successful. Stay tuned for future analysis each Friday.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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