AEVO: Reversal Pattern ! 10$ NEAR
AEVO is exhibiting a potential reversal pattern and appears poised for a breakout to the upside. After its initial listing on Binance, AEVO surged to an all-time high and then experienced a sharp decline, coinciding with a bearish market sentiment. However, recent price action suggests a potential reversal, mirroring the pattern that preceded the previous downtrend but in the opposite direction.
Key Points:
AEVO Swept All-Time High and Declined: Following its Binance listing, AEVO peaked at around $15 and then retraced significantly. This initial price movement can be attributed to both profit-taking and the overall market conditions.
Reversal Pattern Formation: AEVO is currently forming a pattern that resembles the one that preceded the previous downtrend, but in reverse. This pattern suggests a potential reversal from the recent bearish trend.
Horizontal Accumulation Sweep: AEVO is currently sweeping through a horizontal accumulation range, indicating the presence of significant liquidity at this level. This accumulation phase could serve as a springboard for a breakout.
Bullish Outlook:
Based on the reversal pattern, horizontal accumulation sweep, and potential market recovery, I anticipate a bullish breakout for AEVO. The initial target for the breakout is $10, with the potential for further upside movement if the momentum continues.
Key Points:
AEVO Swept All-Time High and Declined: Following its Binance listing, AEVO peaked at around $15 and then retraced significantly. This initial price movement can be attributed to both profit-taking and the overall market conditions.
Reversal Pattern Formation: AEVO is currently forming a pattern that resembles the one that preceded the previous downtrend, but in reverse. This pattern suggests a potential reversal from the recent bearish trend.
Horizontal Accumulation Sweep: AEVO is currently sweeping through a horizontal accumulation range, indicating the presence of significant liquidity at this level. This accumulation phase could serve as a springboard for a breakout.
Bullish Outlook:
Based on the reversal pattern, horizontal accumulation sweep, and potential market recovery, I anticipate a bullish breakout for AEVO. The initial target for the breakout is $10, with the potential for further upside movement if the momentum continues.
✅ Get my ready-to-use Buy/Sell Crypto Systems & Alerts 👉 [ bit.ly/bs-alerts ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
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.