Entry, Target & Stop Loss:
Entry: $180 - $185
Target: $270 - $300
Stop Loss: $150
Technical Analysis & Proofs
1. Moving Averages (MA):
The price is currently near the 7-day MA (218.36) and 25-day MA (125.04), showing that it has tested support levels.
If the price holds near this range, a reversal towards $270+ is likely.
2. Volume Analysis:
Recent volume spikes indicate strong buyer interest. However, the latest red candle with high volume suggests short-term profit-taking.
A higher volume green candle could confirm bullish momentum.
3. Candlestick Pattern & Market Structure:
The recent large red candle signals a correction after a strong bullish move.
If AAVE/USDT forms a bullish engulfing candle near the support zone, an upward trend continuation can be expected.
4. Support & Resistance Zones:
Support: $130 - $150 (historical demand zone)
Resistance: $270 - $300 (previous highs)
5. MACD & RSI (Not visible, but can be checked separately):
MACD crossover above zero would confirm a bullish trend.
RSI above 50 will indicate continued momentum.
Conclusion:
AAVE/USDT is in a bullish correction phase. If it holds support around $180, we can expect a retest of $270+. However, breaking below $150 could invalidate this setup.
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