AAVE / TetherUS

AAVE TA

AAVE has been on a major pump for that past few weeks!
We have just broken out of this wedge creating a potential bull flag!
We need to see a retest and bounce off new support to indicate further uptrend.
RSI is also very over bought which can determine a possible sell off. If this occurs and we break $237 - 233 support level we can expect to see retest in the daily trend support (white line)

Bullish Indications:
  • Wedge Breakout
  • Volume
  • Potential MACD crossing


Bearish Indications:
  • Over bought RSI
  • Volatility decreasing (ATR)


Only enter positions after confirmation.

Long @ Support Retest
Short @ Closure below $233

Penafian

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