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Head & Shoulder pattern forming on AAVE

BINANCE:AAVEUSDT   AAVE / TetherUS
In 1D AAVEUSDT chart we can clearly see a head and shoulder pattern.the neckline is currently working as a good support.

  • 200EMA is about to exceed the 55EMA.
  • Volume is decreaseing.
  • RSI is laying on 50-52 area.

If it manage to break below the neckline,We will see 283$ 258$. If it bounce from the neckline, we might see 350$ 420$ in next 1-2 months

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