Hi friends,
Today, we analyze AAVE in the Daily time frame.
As we had its analysis in the past weeks, the downtrend channel is still holding the price.
We have a good entry point for long positions at $156, which needs confirmation that it has broken the downtrend channel from the upper side.
Also, as mentioned in the past analysis, we have a strong accumulation area ranging from $118 to $150.
Also, the level of $118 is ideal for short positions, which in such cases, if the channel is broken from its Lower Side, we may have parabolic moves towards down.
For spot trading, we have the level of $195, which is a key turning level for gaining its bullish momentum.
As you can see, the volume has been going up in the last couple of weeks.
Today, we analyze AAVE in the Daily time frame.
As we had its analysis in the past weeks, the downtrend channel is still holding the price.
We have a good entry point for long positions at $156, which needs confirmation that it has broken the downtrend channel from the upper side.
Also, as mentioned in the past analysis, we have a strong accumulation area ranging from $118 to $150.
Also, the level of $118 is ideal for short positions, which in such cases, if the channel is broken from its Lower Side, we may have parabolic moves towards down.
For spot trading, we have the level of $195, which is a key turning level for gaining its bullish momentum.
As you can see, the volume has been going up in the last couple of weeks.
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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.
Related publications
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.