Will AAVE Recover? How Is It Looking Right Now?

We have a red candle today but AAVE is very likely to recover and I'll tell you why in a minute... Let's read the signals together.

First my friend, notice the volume bars... Go back from June until now.

We can see that the green bars are bigger than the red ones, specially recently.

The 22-Nov. low candle is a reversal candle, a hammer and also produced really high bull volume.

As long as AAVE stays trading within the rising trendline, the lower one, the bullish bias remains strong.

Going below any of the lows, Nov. or June, obviously favors the bears and this setup looses strength but the bulls would still remain on top.

Trading below the June low invalidates this setup, the bears win... But right now the bulls have the upper hand.

Namaste.