Aave might have broken a long downtrend against ETH. The bottom also confirmed by the RSI and the MACD has a cross with upwards momentum. Could be setting up a nice swing trade. another leg up could be coming soon, lets keep an eye on it.
A classic descending channel being formed and gearing for a breakout. If you have not bought till now, you can wait for the breakout and buy it on retest again
A solid 25 - 30 % profit play is here
This breakout should mean that USDT pair will also go up towards 504 $ resistance soon
Did you miss trades, folks?🔥
There is one more trade on crypto market.
Flag formation on AAVE/ETH crypto pair.
Price had strong and bullish sentiment before consolidation.
Then price bounced from support and resistance levels multiple times.
One more touch of support and resistance zones is expected.
However pattern may become circumcised and increase rapidly much...
Historical resistance being broken on the hourly. Can also spot a cup and handle on 1H and 4H. The 4h still haven't crossed historic resistance fully, so if u enter, exercise caution.
1h n 4h hooked and shooted from the 9MA.
Breaking the 0.15585 would confirm bias to the upside. Following tp would be 0.17 and 0.92
The harmonic pattern is completed so we expect the long soon. It may want to drop to the buy zone first to eat up more liquidity or just take off now. As the structure develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you. .