After grabbing the upper liquidity pool, AAVE has shifted into a bearish structure.
Currently, the price is trading below both the 50 EMA and the 200 EMA.
Additionally, we can clearly identify a textbook Head & Shoulders pattern on the chart.
With these confirmations, AAVE remains bearish, and the downside target should be around $270 – $266.
Thanks for reading.
Currently, the price is trading below both the 50 EMA and the 200 EMA.
Additionally, we can clearly identify a textbook Head & Shoulders pattern on the chart.
With these confirmations, AAVE remains bearish, and the downside target should be around $270 – $266.
Thanks for reading.
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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.
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.