AAVE has been on a major pump for that past few weeks!
We have just broken out of this wedge creating a potential bull flag!
We need to see a retest and bounce off new support to indicate further uptrend.
RSI is also very over bought which can determine a possible sell off. If this occurs and we break $237 - 233 support level we can expect to see retest in the daily trend support (white line)
Bullish Indications:
Bearish Indications:
Only enter positions after confirmation.
Long @ Support Retest
Short @ Closure below $233
We have just broken out of this wedge creating a potential bull flag!
We need to see a retest and bounce off new support to indicate further uptrend.
RSI is also very over bought which can determine a possible sell off. If this occurs and we break $237 - 233 support level we can expect to see retest in the daily trend support (white line)
Bullish Indications:
- Wedge Breakout
- Volume
- Potential MACD crossing
Bearish Indications:
- Over bought RSI
- Volatility decreasing (ATR)
Only enter positions after confirmation.
Long @ Support Retest
Short @ Closure below $233
