AAVEUSDT is showing signs of a potential bullish reversal. The price has formed an inverse head and shoulders pattern, which is a bullish technical pattern, after bouncing off the 0.618 Fibonacci level. Additionally, there is a pennant formation on the 80$ level, indicating that the market is consolidating before making a move.
If the price breaks above the 4-hour resistance level and retests it as new support, according to Plancton's rules, a new long position may be possible. The target for this trade could be at the 94$ level, where the market has daily supply.
––––– Follow the Shrimp 🦐
Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
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