Trendline holds in $AAVE
low_risk_trader
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$AAVE Analysis – Testing Resistance, Trendline Still Intact
$AAVE continues to respect the trendline that’s been holding strong since mid-2024, creating a solid base of support for the current structure.
The price recently tested the immediate resistance at 192, and is now hovering just below it.
A clean breakout above from this falling wedge pattern could open the door for higher moves toward these key take-profit levels:
TP1: 220
TP2: 231
TP3: 271
The downtrend is still technically active, but with the trendline holding and oscillators flipping bullish and the falling wedge pattern suggest, we could be looking at a shift in momentum soon.
I'm aiming for a retest of the support trendline to take entry.
$AAVE continues to respect the trendline that’s been holding strong since mid-2024, creating a solid base of support for the current structure.
The price recently tested the immediate resistance at 192, and is now hovering just below it.
A clean breakout above from this falling wedge pattern could open the door for higher moves toward these key take-profit levels:
TP1: 220
TP2: 231
TP3: 271
The downtrend is still technically active, but with the trendline holding and oscillators flipping bullish and the falling wedge pattern suggest, we could be looking at a shift in momentum soon.
I'm aiming for a retest of the support trendline to take entry.
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