AAVE has been moving sideways since 8th, August 2022, $107 acted as a stong Level of Resistance during this phase.
$107 - Has now been a broken and now is playing a role of a new support level.
A major Resistance was at the price of: $123, this major level of resistance hasn't been broken since (May 22nd, 2022) Now that is has, is a very bullish sign!
An upside correction to retest the - $169 mark is very likely. With BTC halving approaching soon, the attempt for "AAVE" to break my target level of resistance for one more time is realistic.
$107 - Has now been a broken and now is playing a role of a new support level.
A major Resistance was at the price of: $123, this major level of resistance hasn't been broken since (May 22nd, 2022) Now that is has, is a very bullish sign!
An upside correction to retest the - $169 mark is very likely. With BTC halving approaching soon, the attempt for "AAVE" to break my target level of resistance for one more time is realistic.