AAVE has made a cross on LSMA indicator, with the 20-day moving average (MA) crossing under the 400-day MA—signaling bear momentum. Additionally, a wave pattern appears to be unfolding, with the price now aiming to complete the 4th wave in the $345–$335 range before potentially entering its final wave.
Traders should exercise caution and closely monitor the $345–$335 zone for signs of consolidation or further downside (which may truncate a continuation).
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NFA: This is not financial advice—always do your own research and manage your risk effectively.
Traders should exercise caution and closely monitor the $345–$335 zone for signs of consolidation or further downside (which may truncate a continuation).
Follow for more market insights and technical analyses.
NFA: This is not financial advice—always do your own research and manage your risk effectively.
Trade active
The trade remains active, but the initial idea has been truncated, prompting a new outlook. AAVE now appears to be entering a phase of continued accumulation at this zone. A confirmed support level at $318 will be critical before anticipating a push toward the $400 zone.
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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.
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.