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RLinda
Aug 6, 2022 8:55 AM

AAVEUSDT ! Pre-breakout set-up. What happens next?  Long

AAVE / TetherUSBinance

Description

AAVEUSDT is trading in an uptrend. The price is in a channel and bumping into a local resistance zone above the 103.6 level. On the chart we can see that the price has stuck to this zone and is forming a pre-break consolidation.

I assume that if the price continues to form a pattern of price squeezing to the level of 103.6, then there are all chances to see a breakdown of this zone. In the short term it makes sense to expect the growth of the price to the liquidity zone 118.4, and from the zone I suppose, that the pullback is possible.

Regards R.Linda!
Comments
RLinda
Agree?
yonsfx
Love it linda
SwallowPremium
Thanks for the prediction, do you think it would be a good idea to buy in?
Michael_Winner
Interesting analysis buddy, I like your Aave/Usdt idea !
YMGroup
Great aave.usdt fractal buddy ! I think its will go a little lower
AtlasTrades
awesome AAVE/USTD chart mate, thanks for sharing it I agree with you
Zestiria
Thank linda
HAMED_AZ
Great
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