AAVEUSDT → A false breakdown provokes a change of character
AAVEUSDT.P maintains a bullish market structure. The coin is consolidating, with bulls trying to hold their ground above the key support line.Against the backdrop of a correction, the price is testing liquidity, with a false breakdown of support provoking a change in character to bullish within the local timeframe. Bulls are trying to maintain the bullish structure.
The price is breaking through the resistance of local consolidation, forming a change in character, but before growth, the market may close the gestalt in the form of an order block or liquidity located in the 249.5 zone.
Support levels: 249.11, 240.0
Resistance levels: 274.27, 280.47
Technically, the coin looks quite good and promising overall. If the bulls hold their ground in the 249-250 zone, then in the short to medium term, we could see good movement with the possibility of new highs...
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
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🟢Telegram Channel: t.me/RLindaTrade
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(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
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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.