Around 10 days ago I made an analysis on AAVE and the potential break out of the bullish wedge.
As expected, the top of the wedge offered significant resistance. We had to cool off a little before the bulls tried their luck again. This time, however, it seems that the bulls are taking the overhand and are attempting a break out of the bullish wedge pattern.
Assuming we can close the day above ~$280, I'm expecting further upside for this token. Be aware that any bearish move from BTC can cause AAVE to fall back within the channel.
Targets placed at recent tops and round numbers.
Happy trading!
As expected, the top of the wedge offered significant resistance. We had to cool off a little before the bulls tried their luck again. This time, however, it seems that the bulls are taking the overhand and are attempting a break out of the bullish wedge pattern.
Assuming we can close the day above ~$280, I'm expecting further upside for this token. Be aware that any bearish move from BTC can cause AAVE to fall back within the channel.
Targets placed at recent tops and round numbers.
Happy trading!
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