๐ฅ AAVE Massive Triangle Break out: Bulls Return
AAVE has drawn a huge triangle over the last couple of months, starting all the way at the top back in May till the lowest low in June.
As of today, AAVE has broken out of this triangle on the top side. I'm expecting a minor period of consolidation, since BTC is not doing much at the moment. Be aware that AAVE could fall back in the triangle in case BTC will get some bearish price action in the short-term.
Sooner or later, we'll get an impulse candle to start of the bullish move. Main target placed at the most recent local top: $450. In case of a prolonged move, I'm expecting the price to reach $530 in the near future.
Happy trading!
As of today, AAVE has broken out of this triangle on the top side. I'm expecting a minor period of consolidation, since BTC is not doing much at the moment. Be aware that AAVE could fall back in the triangle in case BTC will get some bearish price action in the short-term.
Sooner or later, we'll get an impulse candle to start of the bullish move. Main target placed at the most recent local top: $450. In case of a prolonged move, I'm expecting the price to reach $530 in the near future.
Happy trading!
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