AAVE/USD - Momentum fading, expect some cooldown to $180

AAVE is looking for a break in this ascending momentum. Indicators are looking rather bearish short term, so I would not be surprised to see us re-testing the support line at just under $180. My short term bias is thus bearish.

This diagonal support on which we rallied since early January seems to reach it's final stages. Thus I expect us to break-down soon.

Short of a miracle, I do not see how we would pump to $250 this month. We need to range/refuel for that as the chart stands now.

If we drop to $180, then that is a great buy area for the next leg up, but be careful, we need to make sure we continue the bull run and not fall to $130. We can see later on that.

AAVE is one of my top altcoin picks for 2021 - see below the link to the full article.

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