AAVE bearish on larger timeframe

16 feb 2021

Potential head and shoulders to be completed. I'm bearish on AAVE since we also saw a lower low in the recent dip. However, if we see a break in the right shoulder causing the current downward pressure, i will open a long trade for the short term

16 feb 2021

Nota

Since the downwards pressure of the rights should could not be broken, my brearish idea is gaining strenght. i do except a bounce around 395 $ which i'm not trading since i'm not into catching knives. Also, AAVE broke it's trend line which lasted for almost 36 days, for the second time now which is currently being retested. Ealier, contact with this trendline caused 80/100% pumps.

I am not a professional trader, i just like to test my ideas and share them with the world