🔥 AAVE Wedge Continuation

١٢ مارس ٢٠٢١

AAVE has been trading inside the channel for over two weeks now. At the moment, the price resides at the bottom support of the channel, potentially rebounding soon. Several cryptos are underperforming the market today, AAVE is one of them. It might well be the case that AAVE falls further before rebounding.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!