✴️ Aave Falters

Good night my fellow Cryptocurrency trader, let's look at Aave shall we?

While AAVEUSDT continues trading within an ascending channel, we have something not seen before in the past few months.

Yesterday's session pushed prices below EMA21/10 and ended with a long lower wick, this is accompanied by a rise in sell volume as well as the RSI going bearish.

You can see the bull-trap and rounded top; A strong spike upwards just to be negated the following day. Later on prices move below 0.236 Fib. and all the signals that I just mentioned, leads to the red arrow.

Remember, it will start slow and quiet and will end up loud and strong.

Namaste.