AAVE, Break out and bullish move eminent?

Aave looks like it's building momentum that could break out of the bull flag/pennant. A break out of this formation could lead to $175 move in fairly short deration.

The technical trade is the break out and a hold of the break out. If it were to fall back in the zone it is considered a fake out.

Either way you cut it, AAVE is good price here for long term growth.

Let me know what you think AAVE and this analysis down below.


Kind regards
WeAreSat0shi

Comment:

AAVE has had a breakout of the down trend and now is retesting the breakout. if it stays above as support, look for further gains in the next weeks.

Comment:

Aave and altcoin ready to move big!

Comment:

Big move made,, but still withing it's market structure and accumulation area. Breaking through the $93 level and hold this area will lead to $160 to $180 area fairly fast. Patience.

Comment:

The $78 zone is it's first resistance that it need to capture and make support above. Then it will move to the $93 level. Holding this area as support will bring the big move to the $160 -$180 level.

Comment:

$143 level next resistance ? $160 to $180 is the absolute high for the break out move providing 143 breaks.

Comment:

Still no confirmed break out for AAVE. It is battling with resistance as I type, it did have pierce through and break through at one point, but did not hold it as it was met with a massive sell off.

Comment:

AAVE HAs now broken through the resistance zone for a second time, however it has still yet to confirm this move by holding the 93 dollar level.

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I would really like to see AAVE close above the 93 dollar area for the week.

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$260 by May is possible for AAVE

Comment:

AAVE holding above the 93 dollar level is showing signs of strength. Another leg up will eventually follow, It's just a matter of time.