AAVE - Still Targeting New Lows

June's Breakout: AAVE broke the trendline to the downside in June. But this didn't continue as expected; it was a false breakout.

August's Breakout: In August, there was another breakout, and this time, the price is continuing in the breakout direction. This means the movement is more reliable.

Target Price: Looking at past price data, the 2021 low of AAVE was at 45.60. Given the current trend, this price level seems to be a very likely target for AAVE to reach.

RSI (Relative Strength Index) Observation: There's no RSI divergence. This means that the RSI (a momentum indicator) is in agreement with the price trend. It's a reinforcement to the analysis.

2020's All-Time Low: It's uncertain whether AAVE could reach its all-time low from 2020. We'll need to monitor further price movements to make a judgement on this.