Analysis of Currency $AAVE – Is it time to enter?
The currency AAVE has seen a strong upward wave from $114 to $245, then began to retrace to $224 currently, making it an opportunity worth monitoring!
Technical Analysis:
Indicators:
RSI = 59: Still in the safe zone, has not reached the oversold condition.
Bollinger Bands: Started to expand after a sharp rise, which may indicate a potential correction or consolidation.
MACD: Still positive, but weakness in the upward momentum has started to show.
Strong support: $194 - $200
Strong resistance: $245
Calculated entry opportunity (not an investment call):
First entry point: $224 (current price)
Reinforcement point: $210 (if additional drop occurs)
Stop loss: Clear break of the $194 area
Potential targets:
First target: $238
Second target: $245 (previous peak)
Do you see AAVE as a real opportunity or not? Share your opinion in the comments!