AAVEUSD Technical Analysis (Wedge Pattern) (Breakout/Pullback)Introduction
Hello trading view! Today I am looking at AAVEUSD, which in my opinion might be worth getting into. The pattern has already been activated and there has been a pullback to the upper trend line. All I'm waiting for is the target to be hit. It's still near the entry point as well, so we haven't missed the potential rise in price.
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Technical Analysis
A wedge pattern has been formed and broken out of, and a pullback to the support line has already happened. This is the last chance to enter before the potential pump to 672$ occurs. Here is the rest of the information concerning the trade:
Target: 672$, 22.25%
Entry: 551$.
Stop-loss: 495$, 9.98%.
Risk to reward ratio: 2.23.
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Final thoughts
Good luck and great trading everyone! I'm going to keep posting trading idea's on as many coins as possible. Will keep you updated on how this trade works out. (links down below to past successful trading ideas)
*not financial advice.
