🚨🌍Coin waiting to rise💡🤔😳😳🆗🕵️✔️🌍🚨
🌍 Hello Crypto Banter community 🌍
AAVE managed to break away from the key support level as it gained 10% in the last 48 hours. Today, it is testing the short term resistance level that was updated since last month.
AAVE . Chart
AAVE corrected after forming a local top at $115 in August and found support in the mid-$70-$72 range, which coincided with Fibonacci 0.618 in the corrective trend a month ago. This support was crucial to maintain the perfect retracement level, but weak buyer volume in the market limited the upward movement.
According to the last position, the AAVE/USD pair entered a sideways movement in the range of $70-$80. In last week's volatility, the key support price was once again tested and subsequent buying allowed the currency to move towards the $80 resistance price.
On the other hand, the $80 level, which has received a lot of reaction since July, is a defining point for the new trend of crypto money. And if AAVE can break the 3-month moving average ($84) seen on the daily chart after a daily close above $80 for the rest of the week, we could see the coin move towards the $99-$105 range.
While the current outlook is bullish, with the 8 EMA at an ascending crossover of the 21 EMA. Another positive indicator is that the Stochastic RSI is rising with a sharp acceleration. To start the move, we can see that the decisive move will form the ground above $80.
On the other hand, sales from the resistance area may be stuck at the medium support level at $75. Below this support, the $70-$72 range will follow as the main support for AAVE. In the event of a possible pullback, AAVE buyers who hold the $75 support level will give them the strength to break the $80 resistance.
So what do you think 🤔......
Your opinion in the comments 🤔......
Source : SELF RESEARCH
@HLSPORTRAIT
