according to my count, price is in the local wave (iv) that may still go a bit down to the fib level 1,38 before resuming its trend to the upside.
Current bollinger bands 20 support may also indicate that the correction is complete.
AAVE is looking for a break in this ascending momentum. Indicators are looking rather bearish short term, so I would not be surprised to see us re-testing the support line at just under $180. My short term bias is thus bearish.
This diagonal support on which we rallied since early January seems to reach it's final stages. Thus I expect us to break-down soon....
The AAVEUSDT idea has not been updated for more than a month, but it's time, because the previous idea worked out only for the first target of $63.
And then the rebound turned into a powerful growth , which still continues.
Though, this growth has reached the Fibo level, similar to the Fibo level BTCUSDT at $42,000, and we know what happened with...
#AAVEUSDT ( 4H chart) Technical Analysis Update
Waiting for the Broadening Wedge Breakout
AAVE/USDT currently trading at $141.5
Long Entry-level: Above $147 (only enter long after 4 h candle closes above the resistance level at $147)
STOP LOSS: I will update once I see the breakout
Target 1: $165
Target 2: $180
Max leverage: 3X
ALWAYS KEEP STOP...
AAVE formed an expanding diagonal and just now tested the dynamic resistance, though the impulse is strong, I believe it will correct here.
TP levels are on the chart. Trade with caution, do not forget about risk management
Just my own analysis for this coin. I think the bull market for this coin is done? or maybe can go to the moon again. Let' see next month if BTC will correct next month expect this coin to correct.
Hello everyone 😃
AAVE had a CUP & HANDLE pattern on lower timeframe and a breakout from ATH resistance.
On current zone candles are showing selling pressure, Before reaching 175$, we should break 145$ horizontal selling zone.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Looking to long AAVE above 121.600 and follow the target of an ABCD pattern.
I think the uptrend is not over yet, might want to test the bottom line of the channel first, that would give us a signal of the trend contination.