Hello to all members of TradingView and my followers.
AAVE continued its upward trend at the beginning of last week, but at the end of the week, the price had a negative reaction after hitting the resistance range of 80-87 dollars. The downtrend line has been broken to the upside, and the price has pulled back against it. Again, buyers are trying to return the price to the previous resistance level. A reversal to the top shows the high strength of the buyer.
Therefore, two sharp movements in the opposite direction on the main support level indicate that the price trend between the mentioned resistance and the support of the $60 range will suffer with high probability. Currently, buyers are bringing the price to the resistance level. Therefore, in case of a second collision and a negative reaction, there is the potential to form a double ceiling pattern and return to lower supports.
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