AAVE - bullish divergence

On the above 3-day chart price action has corrected over 80% since the all time high in May 2021. A number of reasons now exist to be long in the near term, including:

1) Two buy signals ‘great buy’ on the 3-day (don’t ignore)
1) A ‘Incredible buy’ signal on the daily (below).

2) Price action on the daily is on the 200-week moving averages (SMA, EMA, & RMA) following the buy signal. Certainly not to be ignored.

3) Weekly price action approaching past resistance as support.

In summary AAVE remains in a bear market on a the weekly like a lot of others tokens, does this up and coming move pull it out? I don’t know, a wait and see game I’m afraid.

Good luck!

WW


1-day incredible buy on 200-week SMA/EMA/RMA

Weekly price action

Trade closed manually