💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing AAVE on the 4-Hour timeframe timeframe .
👀 On the 4-hour timeframe of AAVE, we can see that after breaking the trendline, its volume increased and it moved toward the $361 resistance, then entered a corrective trend. Currently, this coin is ranging inside a triangle consolidation, and the volume has dropped significantly.
⚙️ The RSI fluctuation of this coin is still below the 50 zone, and two key levels have been considered for its movement: 55.15 and 37.89. If the RSI passes beyond these levels, this coin can experience another movement leg.
🕯 The size and volume of the candles have decreased, with the red candles being bigger and more numerous than the green ones. This could be a sign of the end of selling pressure or the beginning of a new wave of selling pressure. The coin is in a very important area, and with today’s news it may move upward and end this corrective trend.
💰 On the 4-hour timeframe of the trading pair AAVEBTC, after a strong rally against Bitcoin, this coin is now in a triangle consolidation and the volume has dropped. A significant amount of this coin has been sold and converted to Bitcoin (buyer makers of Bitcoin). A ceiling and floor have also been formed as our alarm zones, where price action in these areas can help us make the best decision for this trading pair.
🔔 The alarm zone for this coin is considered at $323 for a long trade and $301 for a short trade. Today, this coin recorded a historic milestone in DeFi, and with the breakout and confirmation of the marked trendline and the activation of triggers, it can experience good growth. 🚀
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing AAVE on the 4-Hour timeframe timeframe .
👀 On the 4-hour timeframe of AAVE, we can see that after breaking the trendline, its volume increased and it moved toward the $361 resistance, then entered a corrective trend. Currently, this coin is ranging inside a triangle consolidation, and the volume has dropped significantly.
⚙️ The RSI fluctuation of this coin is still below the 50 zone, and two key levels have been considered for its movement: 55.15 and 37.89. If the RSI passes beyond these levels, this coin can experience another movement leg.
🕯 The size and volume of the candles have decreased, with the red candles being bigger and more numerous than the green ones. This could be a sign of the end of selling pressure or the beginning of a new wave of selling pressure. The coin is in a very important area, and with today’s news it may move upward and end this corrective trend.
🔔 The alarm zone for this coin is considered at $323 for a long trade and $301 for a short trade. Today, this coin recorded a historic milestone in DeFi, and with the breakout and confirmation of the marked trendline and the activation of triggers, it can experience good growth. 🚀
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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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.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
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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.