ANALYSIS 🔎
- AAVE/USDT brokeout above the symmetrical triangle's inclined resistance.
- The market hit a swing high.
- It's currently undergoing retracement.
- Price is testing the symmetrical triangle's inclined resistance + key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- This should be your buy zone.
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@459.0).
- Horizontal resistance level (@668.0).
- Fibonacci extension level 1.0 (@894.1).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the 0.786 fibonacci retracement level (@296.3).
- Final invalidation: breakdown below the horizontal support level (@252).
- AAVE/USDT brokeout above the symmetrical triangle's inclined resistance.
- The market hit a swing high.
- It's currently undergoing retracement.
- Price is testing the symmetrical triangle's inclined resistance + key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- This should be your buy zone.
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@459.0).
- Horizontal resistance level (@668.0).
- Fibonacci extension level 1.0 (@894.1).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the 0.786 fibonacci retracement level (@296.3).
- Final invalidation: breakdown below the horizontal support level (@252).