AAVE's big move is on the way...
Hi!
We have two scenarios on aave:
(1)bullish,long setup:
As you see, we have a clear falling wedge on AAVE's chart in daily time frame, but we can't decide based on JUST patterns.
For now we're under 15daily ema and AAVE didnt make lower low. 50daily ema and previous lower high is in the ~147$ zone and for trend reversal we need to defeat them (breaking falling wedge pattern would happen when we defeat them). Nice volume is coming in recent days on AAVE.
(2)bearish:
If we lose current support and make lower low, downtrend will continue and sell short setup on retest of flipped support will be a profitable idea
Thanks
Stay chilled af
This is not a financial statement and DYOR!
We have two scenarios on aave:
(1)bullish,long setup:
As you see, we have a clear falling wedge on AAVE's chart in daily time frame, but we can't decide based on JUST patterns.
For now we're under 15daily ema and AAVE didnt make lower low. 50daily ema and previous lower high is in the ~147$ zone and for trend reversal we need to defeat them (breaking falling wedge pattern would happen when we defeat them). Nice volume is coming in recent days on AAVE.
(2)bearish:
If we lose current support and make lower low, downtrend will continue and sell short setup on retest of flipped support will be a profitable idea
Thanks
Stay chilled af
This is not a financial statement and DYOR!
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