Aave (AAVE): Time To Re-Claim Lower Supports 👀

Nov 30, 2023

AAVE is currently in a pivotal phase, testing the resilience of a bullish trend that has been the backbone of recent upward movements. The price is hovering near the middle line of the Bollinger Bands, suggesting a potential turning point. We are closely monitoring for a breakdown below this middle line, which lines up with the supporting trend line that aligns with the lower Bollinger Band.

A significant move below this area of support could prompt a bearish shift, leading to a retest of lower support zones. The key to bearish confirmation would be a successful breakdown, re-test, and subsequent re-claim of these lower levels.

Dec 1, 2023

Note

Meanwhile, we remain below the resistance zone and are safe from the upper liquidity grab zone.

As we can see, the last 2 candles found it hard to breakout, which is good for sellers!

Dec 2, 2023

Note

The daily candle got rejected from upper side of Bollinger Bands