Looks like we're attempting to break and test the downtrend here on AAVE. If it holds, the next move would be up toward the .382 to test the Dragon "Hump"
Many of these patterns in the market right now are reaching the .618 fairly easily which is sitting around 189.
Above that id probably look for the 2.0 extension of the local range at 267.
This is a 3 day chart, it could dance around a bit, but most of these have been successful at doing a nice retracement. Under the 71-77 inflection zone, id consider it a failure.
Many of these patterns in the market right now are reaching the .618 fairly easily which is sitting around 189.
Above that id probably look for the 2.0 extension of the local range at 267.
This is a 3 day chart, it could dance around a bit, but most of these have been successful at doing a nice retracement. Under the 71-77 inflection zone, id consider it a failure.
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discord.gg/2b6UjxEY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.