Since June AAVEBTC has been moving within an ascending channel, revealing to us that something positive is happening behind the scene.
At the same time we have the MA200 indicator working in our favor. This is the indicator that I've been mentioning on multiple charts.
➖ First: A break of MA200 as resistance happened in September, signaling that the bulls are ready to change the trend long-term.
➖ Second: Twice did AAVEBTC move below MA200 just to quickly recover and just now it bouncing off of it as support. The previous two times it moved below and then recovered but this time it is bouncing without going below it, revealing that slowly the bulls are gaining strength.
I am only showing a small portion of the chart here, fairly recently, but what we are seeing can be something big long-term. Not only a "bullish wave" which can happen within a bear market as a correction but rather a bull-trend, which means higher highs and higher lows.
This trend can go for months and go far up more than you can imagine.
Prepare to be amazed... The Cryptocurrency market is full of surprises and we are likely to experience a positive one in 2024, after the corrective crash of course.