AAVE got rejected from higher levels on a fake triangle break as can be seen by the large bearish wick which touched a significant resistance area and then was followed by a deeper sell off.
Currently we are just barely holding onto a local support area and we haven't had any strong bullish reaction to it yet so good chance we break down to test lower supports.
We could see a strong bounce from those lower levels of weekly support and would be a great place to try and get a discounted entry into a solid project. Not sure if we will go that low but anything bellow $225 would be a good catch. I would go long there if the opportunity arises otherwise wait for AAVE to form a bullish structure first such as a break above the 200 ema and consolidation above that level.
Currently we are just barely holding onto a local support area and we haven't had any strong bullish reaction to it yet so good chance we break down to test lower supports.
We could see a strong bounce from those lower levels of weekly support and would be a great place to try and get a discounted entry into a solid project. Not sure if we will go that low but anything bellow $225 would be a good catch. I would go long there if the opportunity arises otherwise wait for AAVE to form a bullish structure first such as a break above the 200 ema and consolidation above that level.
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.