AAVEUSDT 4H HEIKIN ASHI ASCENDING TRIANGLE
BINANCE: AAVEUSDT 4H HEIKIN ASHI (keep in mind that the text was made yesterday but forgot to post here as well)
Like many Alts, AAVE has had a hard time since May 18 with Beren who have been able to give the price a big blow.
They have managed to bring the price down to about -75% until the last week of June.
Since then, the Bulls have shown a bit of their own again and have so far been able to bring the price up 65% since the last week of June. The price seems to be forming an Ascending Triangle, perhaps a little early to say that, but I see a clear resistance line at the bottom of the triangle. The moving average lines (EMA lines) also fall nicely within the pattern and it would be a great opportunity for the Bulls to rise above this. However, I would like to see the price break above the resistance of around USD 396 to ensure that the bulls want to continue.
On the 4H we zoom in on the whole where a falling wedge with a fake out is visible and where the bulls have been climbing since Wednesday. Take into account any breathing space that might come.
Also keep an eye on BTC as we have already seen that it can have a significant impact on the price of the Alts.
(Disclaimer: this is not financial advice)
Like many Alts, AAVE has had a hard time since May 18 with Beren who have been able to give the price a big blow.
They have managed to bring the price down to about -75% until the last week of June.
Since then, the Bulls have shown a bit of their own again and have so far been able to bring the price up 65% since the last week of June. The price seems to be forming an Ascending Triangle, perhaps a little early to say that, but I see a clear resistance line at the bottom of the triangle. The moving average lines (EMA lines) also fall nicely within the pattern and it would be a great opportunity for the Bulls to rise above this. However, I would like to see the price break above the resistance of around USD 396 to ensure that the bulls want to continue.
On the 4H we zoom in on the whole where a falling wedge with a fake out is visible and where the bulls have been climbing since Wednesday. Take into account any breathing space that might come.
Also keep an eye on BTC as we have already seen that it can have a significant impact on the price of the Alts.
(Disclaimer: this is not financial advice)
Tims.Technische.Analyse by TIMTIBBO