AAVEUSDT|The end of the BULLISH trendAfter the upward lag that started at the price of 63 dollars, it has continued its upward trend in the form of an ASCENDING channel.
By reaching the resistance levels, we saw returns from these areas as long shadows, which indicates high liquidity in these areas and it is difficult to pass through these areas.
Multiple reversals from these areas show the weakness of the momentum, if the last downward movement leads to the breaking of the channel, we can enter sales transactions in the reversals to the channel, up to the support levels created by the origin of the movement.
The prices of 78.26 and 63.51 are suitable targets for selling transactions.
Fibonachi_level
Price Flip HoldingWe discussed this market last week and the fact that price was looking to pullback into the major support level and 50% Fibonacci level.
Now price has pulled back into this level we can see a bullish engulfing bar and rejection candles have formed rejecting the support.
As yet there has been little follow through and for a move back into the recent swing high we will need to see the recent daily highs taken out.