Aave grew almost 150% in 50 days. Now the market is entering a correction phase. Not a true correction only a retrace but it is almost the same.
The rising wedge is a bearish pattern. It is coupled with very low volume.
The action moved out of the rising wedge; bearish confirmed.
There is a local lower high and this points to lower before the market turns bullish again.
We keep it simple. We either wait or SHORT, but we do not buy here.
» If you are a bull, you can wait for prices to move lower to buy again or you can sell.
» If you are a bear, you can SHORT; this is an easy trade.
The market will confirm my analysis in a matter of days.
This is very easy of course.
Thank you for reading.
Stay (protect your money) safe.
Namaste.