AAVEBTC trade ideas
A breakout possible - Falling wedge with bullish divergencesAs the title says a falling wedge pattern and the bullish divergences on the oscillators at the RSI oversold level.
That could lead to a trend reversal so it could be a nice entry for the continuation of this nice DeFi project.
Let's wait for a breakout and confirmation then I'll do an update for the targets.
AAVE - breakout comingAAVE is consolidating in this falling wedge pattern after breaking out above all resistance on all time frames, during this correctio/ consolidation the range is getting tighter and market is looking ready to breakout, we have bounced of the new daily support now just waiting for a new higher high structure before looking for a entry.
AAVE BTC Looking at AAVE BTC for correction as I am anticipating a push from BTC.
AAVE has also moved over 280% over the last 20 days and i am looking at a potential correction
Confirmation will be Right shoulder to form as a LH and break in support and trend
Confirmation for short entry will come on the retest to confirm this is the new resistance
RR is approx 3:1
