$AAVE 🚀 🚀 BULLISH MOMENTUM 🚀
📈 Technical Analysis:
🔷 Chart Pattern: Ascending Triangle (Bullish Continuation)
AAVE has recently broken out of an ascending triangle, signaling bullish momentum:
Resistance Broken: ~$278–$280 zone
Support Holding: ~$265
Next major resistance: ~$305, followed by ~$320
📌 Key Technical Indicators:
RSI (Relative Strength Index): ~63 → Bullish, but not overbought
MACD: Bullish crossover confirmed → Suggests momentum building
50-Day EMA: ~$262 → strong upward slope
200-Day EMA: ~$231 → confirms longer-term bullish structure
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🧠 Trading Strategy:
✅ Swing Trade Setup:
Entry Zone: $285–$292 (pullback or continuation)
Targets:
TP1: $305
TP2: $320
TP3: $345 (Fib extension target)
Stop Loss: Below $270 (just under previous resistance/support flip)
📢 Disclaimer:
This content is for informational purposes only and not financial advice. Always conduct your own research (DYOR) and apply appropriate risk management when trading.
