Aave(AAVE): 200 EMA Broken!!!! Now Where?
Coin has broken so compliantly that 200EMA is currently re-testing this same EMA.
As long as this re-test holds its zone, we might see some further movement to the lower zones, but if the re-test fails and moves slightly to the upper zone, we might move towards our upper, smaller resistance that we displayed as "orange" zones!
Swallow Team
As long as this re-test holds its zone, we might see some further movement to the lower zones, but if the re-test fails and moves slightly to the upper zone, we might move towards our upper, smaller resistance that we displayed as "orange" zones!
Swallow Team
Comment:
After reaching nicely, the upper resistance price had a nice rejection and movement to the last liquidity zone, which resulted in 18% of market price movement!
Swallow Team
After reaching nicely, the upper resistance price had a nice rejection and movement to the last liquidity zone, which resulted in 18% of market price movement!
Swallow Team
Comment:
Coin has had a nice movement of 18% on the first touch of that upper entry and 26% of market price movement from that upper entry zone.
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Coin has had a really nice rejection near our first entry zone, which rejected the price sharply! Although we had a really nice rejection, we might re-test this zone, but nevertheless, we see weakness kicking in on the AAVE coin.