AAVE is currently testing a confluence zone where the ascending trendline meets the 0.618 retracement at 299. Price is sitting in a critical decision area — a successful bounce here could set up continuation back toward the 315 level and eventually the 367 resistance.
Failure to hold this confluence opens the door to a deeper retrace toward the 0.786 level at 275. This level will be key for determining whether bulls maintain control or bears take momentum back.
Failure to hold this confluence opens the door to a deeper retrace toward the 0.786 level at 275. This level will be key for determining whether bulls maintain control or bears take momentum back.
Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.
Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.