Requested Analysis
Analysing current scenario, AAVE/USDT is in uptrend in fact but the upward moment with decreasing volume, In fact it flipped $71 resistance to support but not able to grab much attention there, so I'm expecting trend change soon indeed towards the 0.5 Fib range there if it finds support we may see a move towards resistance zone at $76.
Note : I'm not saying it will definitely broke $71 downwards but there is a high probability for that to happen, IMO it's not good to take any trade here for now until it reaches any of our PoC ( Point of Concentration )
PoC : support ( $62 - $63 ) & Resistance ( $76 )
Analysing current scenario, AAVE/USDT is in uptrend in fact but the upward moment with decreasing volume, In fact it flipped $71 resistance to support but not able to grab much attention there, so I'm expecting trend change soon indeed towards the 0.5 Fib range there if it finds support we may see a move towards resistance zone at $76.
Note : I'm not saying it will definitely broke $71 downwards but there is a high probability for that to happen, IMO it's not good to take any trade here for now until it reaches any of our PoC ( Point of Concentration )
PoC : support ( $62 - $63 ) & Resistance ( $76 )
Order cancelled:
sorry my bad, i haven't updated on this setup.
Like i said earlier in the article it reached support as expected but the volume near the support in't enough to bet on that support zone.
Like i said earlier in the article it reached support as expected but the volume near the support in't enough to bet on that support zone.