The daily EMA moving averages of AAVE have formed a bullish arrangement, which is one of the early signals of the market transitioning from consolidation to a trend.
If the trend can be confirmed subsequently, the first target is set at $364, and the second target is around $435.
However, it is important to remind that the process of transitioning from a consolidation market to a trending market, and then to the final confirmation of the trend, is very torturous and time-consuming. For instance, during the strong one-sided rise in 2024, there was a consolidation period of over 100 days before the real launch, with two instances of more than 20% deep corrections in between.
Therefore, although there are now clear target price levels, my personal judgment on AAVE is still in the "consolidation with a strong bias" phase, rather than a trend being established.
In terms of operations, I will continue to implement a strategy of taking partial profits at key resistance levels while simultaneously raising the stop-loss lines. I will not bet on the market rising all at once. After all, historical experience shows that major market movements often undergo repeated washouts before starting, and maintaining patience is more important than predicting tops and bottoms.
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