✴️ Aave $1,743 New All-Time High (Name Your Altcoin)

١٧ أكتوبر ٢٠٢٣

Aave hit bottom May 2022, marking the end of the bear market.
The bear market lasted from May 2021 through May 2022, one year.

A very long accumulation period starts after May 2022, no new lows; 100% sideways action.

We can see how a short consolidation phase in late 2020 led to a very strong rally.
Right now we have a long consolidation phase, which can in turn lead to a super strong rally.

👉 The next All-Time High can be around 1,743.
Previous All-Time High happened at 666.

👉 By the way, the chart is bullish short-term based on the September long upper wick that peaked at 116 and the fact that we have higher lows since June 2023.

Namaste.