Bullish on AAVE. We can see a falling wedge pattern forming on the daily timeframe, with nice bounces between the pattern.
Furthermore, we are able to see a Bullish MACD on the 4hr timeframe. Wait for this to happen on the daily timeframe for a signal to buy.
In this suggestion, we recommend to not wait for price to break out at the falling wedge, but to take profit for the trending wave upwards.
Trade setup:
Entry: 115
S/L: 102
Target: 160
Furthermore, we are able to see a Bullish MACD on the 4hr timeframe. Wait for this to happen on the daily timeframe for a signal to buy.
In this suggestion, we recommend to not wait for price to break out at the falling wedge, but to take profit for the trending wave upwards.
Trade setup:
Entry: 115
S/L: 102
Target: 160
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