xtremerider8

AAVE trying to breakout downtrend line

BINANCE:AAVEUSD   AAVE
AAVE weekly chart has a good support at 252 although failure to break the downtrend line may result in a retest of 206 since RSI at 65 & the falling red cloud may present resistance in the near short term.
It is slowing climbing the stairs one step at a time…with ABC down already completed, a new wave 1 may have already started with a BIG ENGULFING candle in the weekly chart.
Next resistances are 3.40 and 4.40

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.