Since the massive drop in May, AAVE has been trading inside a falling (bullish) wedge pattern.
With Bitcoin seeing a minor reversal, alts are front-running the reversal and seeing vertical bullish moves. AAVE is one of them.
I'm expecting that AAVE will continue to go up for the next few days. First major area of resistance is going to be the top resistance of the pattern, see the yellow area.
If BTC manages to get more bullish momentum, we're going to see a break out. Targets at $335 and $400. In case of a more bearish BTC, expect a reversal from the yellow area.
Happy trading!
With Bitcoin seeing a minor reversal, alts are front-running the reversal and seeing vertical bullish moves. AAVE is one of them.
I'm expecting that AAVE will continue to go up for the next few days. First major area of resistance is going to be the top resistance of the pattern, see the yellow area.
If BTC manages to get more bullish momentum, we're going to see a break out. Targets at $335 and $400. In case of a more bearish BTC, expect a reversal from the yellow area.
Happy trading!
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