BINANCE:AAVEUSDT.P   AAVE / TetherUS PERPETUAL CONTRACT
AAVEUSDT has established a significantly vast demand zone adjacent to the $50 psychological level, consistently respected over four consecutive instances, emphasizing substantial buying pressure within this zone. Preceding the recent bounce, AAVE broke above a downtrend trendline, signaling readiness for further upside potential. Subsequent to a robust correction and the last retest of the $50 support, a formation of higher highs and higher lows has become evident, indicating a bullish reversal.

The $80 supply zone has transformed into a demand area, witnessing a bounce off the average-price uptrend trendline. Presently, AAVEUSDT appears poised to initiate a significant rally. Overall, our projections anticipate a 100% price surge from the most recent demand area. This surge is aimed towards the 361.8% Fibonacci retracement level, aligning with the top of the extended ascending channel.
Order cancelled:
We are canceling our bullish forecast
Trade active

📱 Telegram: t.me/tradexcel

CopyTrading bit.ly/43ah5N2

CryptoSignals bit.ly/434eRi7
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.