The upside target is from the weekly head and shoulders and the downside is the bounce off the triangle back to the neckline. Before you think too much of this idea, realize I'm not a professional and I don't have any rated or proven skills at this. This is just what I see.
Comment:
BTCUSD fell into the 50 Day SMA and recovered above it today. AAVE hit 68.12 and bounced. AAVEBTC pair has bottomed in my estimation. We should see uptrend from here to the upper target of $140 by the time BTCUSD hits
33
,000 again.
Trade active:
AAVE hit the lower trend line last week and is at 0.0 oversold on the RSI. Each time that occurred, there was a big weekly bounce. Let's go. (Reminder - this is amateur advice so keep your own counsel.)
Comment:
The price, RSI, and Stoch RSI right now on the daily and weekly are very similar to the periods between November and December 2020. I'm sticking by my prediction that we see $140.00 soon and with any luck a repeat of early 2021 in the coming months.