AAVE's daily chart is looking quite impressive!
The price is running up along the upper middle band of the Bollinger Bands, with a MACD golden cross and a 'three white soldiers' pattern, indicating that the bulls are in control.
Currently, the price is approaching the key resistance level of $400, and the Bollinger Bands are starting to expand, showing a noticeable increase in volatility.
Interestingly, every time it reaches near the upper band, it seems to take a breather, as if gathering strength.
From the chart, the support around 281 near the middle band is quite solid, while the previous high at 400 is clearly a psychological barrier.
This market situation is like a fully drawn bow; we just have to see if it can make a strong push to break through.
If the volume can keep up, we might open up new space.
If it can't push through, it probably needs to retrace to confirm support.
Such positions test patience the most; rushing in can easily lead to losses.
In the cryptocurrency world, choice is greater than effort! Follow the right people, and making money will come naturally!
