AAVEUSDT is showing signs of a potential bullish reversal.
The price has formed an inverse head and shoulders pattern, which is a bullish technical pattern, after bouncing off the 0.618 Fibonacci level. Additionally, there is a pennant formation on the 80$ level, indicating that the market is consolidating before making a move.
If the price breaks above the 4-hour resistance level and retests it as new support, according to Plancton's rules, a new long position may be possible. The target for this trade could be at the 94$ level, where the market has daily supply.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
The price has formed an inverse head and shoulders pattern, which is a bullish technical pattern, after bouncing off the 0.618 Fibonacci level. Additionally, there is a pennant formation on the 80$ level, indicating that the market is consolidating before making a move.
If the price breaks above the 4-hour resistance level and retests it as new support, according to Plancton's rules, a new long position may be possible. The target for this trade could be at the 94$ level, where the market has daily supply.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.