AAVE DAILY ANALYSIS
Hi friends, Today, we analyze AAVE in the Daily time frame. As we had its analysis in the past weeks, the downtrend channel is still holding the price. We have a good entry point for long positions at $156, which needs confirmation that it has broken the downtrend channel from the upper side. Al
💎#AAVEUSD is currently trading around $143.66, holding inside a clear ascending channel on the 4H timeframe. The price action of #AAVE has been respecting both the ascending support and resistance trendlines, forming higher lows and higher highs—but momentum is fading.
💎A bearish divergence on the momentum oscillator is signaling early weakness despite the price climbing higher. This divergence usually marks the beginning of a bull trap, where the price appears
strong just before a sharp reversal.
💎The immediate resistance to watch is in the $156. This is where price was recently rejected, near the upper channel trendline. Above that, $156 remains the key Bearish Setup Invalidation level. A breakout and hold above this would invalidate any bearish structure and could lead to a push toward $170+.
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