AAVE is currently moving within a well-defined ascending channel on the daily timeframe. The last major bullish leg began from the $120 support and surged nearly +180% to a local high near $330.
Now, after a 25% pullback, price is consolidating around the midline of the channel near $250. More importantly, there’s a strong bullish order block sitting between $220–230, making this a low-risk buy zone with a stop below the order block.
🔸 Scenario 1 (bullish preferred):
Price dips into the $220 OB zone, completes a possible ABC correction, and launches a new bullish leg targeting the channel top above $500.
🔸 Scenario 2 (bearish alternate):
If the $220 order block fails, deeper correction could follow toward the channel bottom near $135.
⏳ This is a critical area to watch for reaction – Smart Money will likely show its hand soon.
🔗 Analysis by CryptoPilot
Now, after a 25% pullback, price is consolidating around the midline of the channel near $250. More importantly, there’s a strong bullish order block sitting between $220–230, making this a low-risk buy zone with a stop below the order block.
🔸 Scenario 1 (bullish preferred):
Price dips into the $220 OB zone, completes a possible ABC correction, and launches a new bullish leg targeting the channel top above $500.
🔸 Scenario 2 (bearish alternate):
If the $220 order block fails, deeper correction could follow toward the channel bottom near $135.
⏳ This is a critical area to watch for reaction – Smart Money will likely show its hand soon.
🔗 Analysis by CryptoPilot
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
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.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
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.