AAVE has been broken mid term down trending line (white line) and also static 1D-time-frame resistance (yellow line) and is trying to break short-term-resistant-line (blue line). In 4h time frame we have reverse H&S which right shoulder has been broken...
There is good chance AAVE will finally break the range here. Pullback would offer great entry but might also not see it because we got one into the mean of the range already.
DEFI Index is also moving up.
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(AAVEUSD 1W chart)
We have to see if we can get support at 437.866003 and rise above 505.364160.
If it falls, we need to see if it...
AAVE is moving in symmetrical triangle and since 25th March, after touching S2, it bounced back and is now moving in an upward trend.
What would be interesting to watch is if it continues to move in the same upward channel. So far EMA 25 is working as support. Looking at the trend there are couple of possible scenarios
Scenario 1 - AAVE to move in an upward...
AAVE is fighting resistance right now. I'll open my long position right after the closure of the first 4H candle above the resistance area and hold until this 2 targets as shown on chart.
If the price goes through correction, there are 2 support areas to hold the price.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a...