AAVE.USDT (Y21.P1.E1).Wedge formation taking place

Hi All,

This is a continuation of the previous post. Link below.

With a nice uptrend and a recent pullback that looks like a wedge or possibly channel, either way, it seems to be a bull flag.

ref.A.chart

I have the ABCDE count and point E is what we are looking for.
Either way, if it breaks the horizontal level with a nice bullish candle or the slope of the WEDGE, buy in.

Or look for the bullish 8 hrly candle

All the Best,

S.SAri

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Might use the 12 HRLY chart rather than the 8 HRLY

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not comfortable with the current structure. Will work with the 8 hr or 12 hr chart trend as well.

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Almost there, slept through the bounce now looking for that entry.

Trade active:

I'm in after this candle

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touched one of those resistance lines,...I still think it will go higher

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It was going to plan until BTC rockets to 44k due to an announcement and puts many ALTS in a spin.
I will reassess when things settle

Trade closed: target reached:

I did sell when BTC did that, near the top.
Now I see a double top scenario, bearish divergence. After it plays out, then I might be interested in the bigger time frames.
Nice uptrend at the macro level.

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my thoughts.
Macro bullish structure taking place.
If this horizontal level holds along with with 13/50 1 hrly ema not crossing over and other indictors as well, we will see another move like FTT or LUNA, etc

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