AAVE uptrend slowing down
On the background of bleeding BTC i see AAVE uptrend slows down.
1D channel begins to incline, and correction wave fails to print new HH 3 times in a row already. So it might be signs of reversal.
137 support is still valid, but sellers are pressing that triangle down.
So I will watch big TF close candles on that Support level.
If 1D closed under 137 (after touch) I will count that as an uptrend channel breakout and target the lower demand zone.
It 1D close above 137 (after touch) I will target the triangle upper border. And a trend channel bottom retest on the same time.
1D channel begins to incline, and correction wave fails to print new HH 3 times in a row already. So it might be signs of reversal.
137 support is still valid, but sellers are pressing that triangle down.
So I will watch big TF close candles on that Support level.
If 1D closed under 137 (after touch) I will count that as an uptrend channel breakout and target the lower demand zone.
It 1D close above 137 (after touch) I will target the triangle upper border. And a trend channel bottom retest on the same time.
Join my TG channel
t.me/cyberbobcrypto
t.me/cyberbobcrypto
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.