AAVE Confirmed a Larger Decline on The Daily Chart
On the Daily Chart we can see that AAVE has broken below the Ascending Channel Pattern, indicating weakness.
The sellers are now in control and further declines are possible. It may also make a small correction until the price realizes that AAVE is preparing for a downward move.
First Target: 226.50
Second Target: 161.00
If the downward momentum continues, the price could head towards these support areas and possibly even lower.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
On the Daily Chart we can see that AAVE has broken below the Ascending Channel Pattern, indicating weakness.
The sellers are now in control and further declines are possible. It may also make a small correction until the price realizes that AAVE is preparing for a downward move.
First Target: 226.50
Second Target: 161.00
If the downward momentum continues, the price could head towards these support areas and possibly even lower.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.