AAVE is looking stronger than most for now. Local analysis has broken the bullish market structure on what appears to be a textbook Elliot Wave 1.Price is testing quadruple support: Daily 200EMA, daily pivot, major support High Volume Node (HVN) and the 0.382-0.5 Fib retracements. This should be a tough nut to crack (as long as
BTC doesn't dump hard).Wave 2 retracement's are usually deep and come with a strong fear. It is where most retail investors capitulate only to find price turns around and continues bullishly without them in a aggressive wave 3.
Analysis is invalidated below $111, so quite a ways off yet.
If war escalation continue, irrational investor behaviour will likely break this technical analysis.
Safe trading.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
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.