ANALYSIS 🔎 - AAVEUSDT was bounded in the descending triangle (DT) pattern. - Price brokeout above the descending triangle's inclined resistance. - This is a bullish signal. - The market hit a swing high and retraced. - Price is retesting the descending triangle's inclined resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). -There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance ( DTR ). - A breakout above this descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance. - Aggressive entry : current market price.