AAVEUSD Broke above its August Resistance!
The AAVE token (AAVEUSD) closed yesterday above the Lower Highs trend-line that has been in effect since the August 13 High. The 1W RSI closed last week above its own August Resistance that has had the same rejections as the price's Lower Highs.
The stochastics are overbought so some consolidation is in order now especially with the 1W MA50 (red trend-line) coming as a Resistance right above. But as long as the 1D MA50 supports, we are buying the break-out of this gem, targeting the 115.750 High.
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The stochastics are overbought so some consolidation is in order now especially with the 1W MA50 (red trend-line) coming as a Resistance right above. But as long as the 1D MA50 supports, we are buying the break-out of this gem, targeting the 115.750 High.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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