AAVE had a fantastic run and now we are just under a major resistance line. This is the time to explore short opportunities rather than buying, considering market conditions where BTC and ETH broke support.
The indicators also paint a bearish image:
1. RSI bearish divergence on 4h and daily (higher price with lower RSI peak)
2. Decreasing volume
3. MACD histogram on negative, falling down and picking speed
So be careful, if you are in profit, good time to secure some of that and reload lower. Support levels on the chart.
Like and follow if you liked this idea!
The indicators also paint a bearish image:
1. RSI bearish divergence on 4h and daily (higher price with lower RSI peak)
2. Decreasing volume
3. MACD histogram on negative, falling down and picking speed
So be careful, if you are in profit, good time to secure some of that and reload lower. Support levels on the chart.
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.