On the W1 chart,
AAVEUSD price action has broken below all three EMAs, and the short-term EMA crossing below the long-term EMA is a strong indication that the weekly chart is likely to enter a downtrend.The D1 chart shows a strong downtrend.
Combining the three timeframes, price action is consolidating near the support level. Wait for a bearish breakout candle accompanied by high volume to place a Sell stop order
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.