AAVEUSDT is testing the major ascending channel resistance as shown in my previous analysis .
RSI is printing a bearish divergence signal.
Price action printed a rising wedge pattern and price brokedown below the wedge support.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle support.
Target 🎯 -...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.003130).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AAVE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
AAVEUSDT is printing an ascending channel on the Daily timeframe.
Price is testing the channel resistance.
We could see a retracement back to the channel support.
AAVEUSDT brokedown below rising wedge support.
RSI is printing a bearish divergence signal.
Possible correction ⬇️
Target 🎯 - Support levels.
Setup invalidation ❌ - breakout above the ATH
AAVEUSDT is printing an ascending channel on the 30M timeframe.
Price is testing the ascending channel support.
Price action is printing a descending triangle pattern.
Bullish ⬆️ - breakout above the descending triangle resistance + previous swing high.
Bearish ⬇️ - breakdown below the descending triangle support + ascending channel support.
AAVEUSDT is testing the rising wedge resistance.
RSI is printing a bearish divergence signal.
Price action is printing a double top reversal pattern.
Sell entry ⬇️ - breakdown below the double top neckline support.
Target 🎯 - rising wedge support.
