AAVE: Be reactive not predictive; Anticipate but don’t speculate
Another STAIRWAY TO HEAVEN, All moving averages changing from dark to light colors, meaning they are starting to point upwards. Mkt cypher B cloud & Wolfpack holding above zero although the Stoichastic Rsi hints at a small retracement.
As of this time, both the ma200 & ma100 in the daily chart are keeping the price below 266. AAVE needs to break above this to get out of the descending triangle. Failure to do so would signal a retracement to 206 or even a retest of 158 double bottom before another run up by the bulls’ dip-buying.
I truly believe we are pretty much done with the ABC wave IV corrective wave & wave V has started. A conservative entry would be to wait for triangle break-out(that may be soon) or a retracement to 206 or 158 w/c may not happen. Pls don’t take this blindly & do your own analysis.
As of this time, both the ma200 & ma100 in the daily chart are keeping the price below 266. AAVE needs to break above this to get out of the descending triangle. Failure to do so would signal a retracement to 206 or even a retest of 158 double bottom before another run up by the bulls’ dip-buying.
I truly believe we are pretty much done with the ABC wave IV corrective wave & wave V has started. A conservative entry would be to wait for triangle break-out(that may be soon) or a retracement to 206 or 158 w/c may not happen. Pls don’t take this blindly & do your own analysis.