Get started
Aave
Long

Aave

By Sahrin
  • Breakout Above $170: If the price of AAVE breaks above the resistance level of $170 with strong volume, it could signal a continuation of the uptrend. The next target would be the upper Bollinger Band around $178. A breakout above this level could lead to further upward momentum.
  • Price Above 20-Day Moving Average: The price of AAVE is currently trading above the 20-day moving average, which is a bullish signal. This suggests that buyers are currently in control.
  • Increasing Volume: The increasing volume on upward price movement confirms the strength of the bullish move.
  • Failure to Break Above $170: If the price fails to break above the $170 resistance level and closes below the 20-day moving average (currently near $150), it could trigger a pullback.
  • Pullback to Lower Bollinger Band: This pullback could push the price towards the lower Bollinger Band around $130, which acts as strong support.
  • Overall: AAVE is currently in a bullish consolidation phase. The price is holding above the 20-day moving average and approaching the key resistance level at $170. Traders should closely watch the price action around this level. A decisive break above $170 with strong volume would confirm the bullish trend continuation, while a failure to break above could lead to a retracement.
Technical IndicatorsTrend Analysis
Sahrin
➀➁➂➃➄

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.