Price touched the S1 pivot and High Volume Node support just above the golden pocket.
Weekly RSi still has room to fall with no bullish divergence yet. The next longer term target will be the pivot point and the top of the first wave of wave D, $260, followed by the triangle upper boundary at ~$340. Breaking out of the triangle has a first target of the all time high at $670. Not what AAVE investors want to see but still a x3 from here.
Price is above the weekly 200EMA but only just.
Analysis is invalidated if we fall below wave (A), $102 and will liley see a slow death to $45 if this happens.
Safe trading
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
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Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
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PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.