Aave grew almost 150% in 50 days. Now the market is entering a correction phase. Not a true correction only a retrace but it is almost the same.
The rising wedge is a bearish pattern. It is coupled with very low volume.
The action moved out of the rising wedge; bearish confirmed.
There is a local lower high and this points to lower before the market turns bullish again.
We keep it simple. We either wait or SHORT, but we do not buy here.
» If you are a bull, you can wait for prices to move lower to buy again or you can sell.
» If you are a bear, you can SHORT; this is an easy trade.
The market will confirm my analysis in a matter of days.
This is very easy of course.
Thank you for reading.
Stay (protect your money) safe.
Namaste.
The rising wedge is a bearish pattern. It is coupled with very low volume.
The action moved out of the rising wedge; bearish confirmed.
There is a local lower high and this points to lower before the market turns bullish again.
We keep it simple. We either wait or SHORT, but we do not buy here.
» If you are a bull, you can wait for prices to move lower to buy again or you can sell.
» If you are a bear, you can SHORT; this is an easy trade.
The market will confirm my analysis in a matter of days.
This is very easy of course.
Thank you for reading.
Stay (protect your money) safe.
Namaste.
Trade active
Bearish breakdown confirmed. Wait for the establishment of support before new LONG.Trade closed: target reached
100% bullish from now on. Thanks a lot for your continued support.We adapt to market conditions. We follow the chart.
Namaste.
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➢ FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.