AAVE.USDT (Y20.P4.E2).Good entry

Hi,

Reasons for a good entry, a bit late but should be good.

Note the following points:
> fib level and support line, gets 2 touches on the 1 Hrly.
> EMA ribbon (50/100)
> Trend is upwards, from the 13th to now, HH, HL,
> BTC likely to have a ranging price, which is when ALTs start moving.
> Harmonic ( shark) setup

Note where to place your stop loss, chart below from a different perspective

Good luck,

S.SAri.

Trade active:

Target reached, however the trend is not broken so it can go higher but the next 4 to 8 hours will tell us if the double top is a major resistance.
Smart to take some % off the table.

Comment:

the squeeze is happening for AAVE on the 2 hrly, can go either way.

Trade closed: target reached:

I have taken profits and the remaining stopped out.
Now we focus\stalk on the 4 hrly chart as the trend needs to continue before we have interest.we have the HH,HL but the next HH is stopped with this double top so far with a divergence on the MACD. So its less likely to happen but we just watch.
The reason I said 4 hrly is because of the 10/20 EMA so we stalk the 4 hrly and 8 hrly as we might get a bullish breakout pattern..
CRV\UNI\ALPHA all have been going good for me using this strategy.

Comment:

Comment:

As I stated, the pullback after it reaching its target, placed it into the 4 hrly trend and hence was another opportunity. Unfortunately I didn't take it because of the wicks, too long as the stop limit would have been too deep.

Comment:

I had this chart some time back with the ABCDE breakout. Now with further information, we have a channel. it hit the 0.618 fib and hence has gone ugly after that. However its still has the trend on the 8 hrly,