AAVE is breaking out of its descending trendline after several tests as resistance.
Wave 2 appears complete at quadruple support: Daily 200EMA, daily pivot, .382 Fibonacci retracement and High Volume Node (HVN). If an Elliot Wave (3) of 3 is underway, price should move strongly sooner rather than later with extended price action.
The next major resistance and partial take profit is at the December swing high range $460.
Analysis is invalidated below $210.
Safe trading
Wave 2 appears complete at quadruple support: Daily 200EMA, daily pivot, .382 Fibonacci retracement and High Volume Node (HVN). If an Elliot Wave (3) of 3 is underway, price should move strongly sooner rather than later with extended price action.
The next major resistance and partial take profit is at the December swing high range $460.
Analysis is invalidated below $210.
Safe trading
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only 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.
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only 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.