AAVEUSD: Mania phase started and targets $2,500

قبل ٧ أيام

AAVE is heavily overbought on its 1D technical outlook (RSI = 82.361, MACD = 36.650, ADX = 44.549) but during Bull Cycles, this accelerates the exponential growth of rallies instead of being a bearish signal for a correction. The current rally has already reached the 0.786 Fibonacci level and based on the Bull Cycle 2020-21, it should not stop here but instead extend above the ATH. Our long term target is the 1.5 Fibonacci extension (TP = 2,500).


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##