Long

AAVE.USDT (Y21.P1.E1).Wedge formation taking place

Updated

Hi All,

This is a continuation of the previous post. Link below.

With a nice uptrend and a recent pullback that looks like a wedge or possibly channel, either way, it seems to be a bull flag.

ref.A.chart

I have the ABCDE count and point E is what we are looking for.
Either way, if it breaks the horizontal level with a nice bullish candle or the slope of the WEDGE, buy in.

Or look for the bullish 8 hrly candle

All the Best,

S.SAri

Note

Might use the 12 HRLY chart rather than the 8 HRLY

Note

not comfortable with the current structure. Will work with the 8 hr or 12 hr chart trend as well.

Note

Almost there, slept through the bounce now looking for that entry.

Trade active

I'm in after this candle

Note

touched one of those resistance lines,...I still think it will go higher

Note

It was going to plan until BTC rockets to 44k due to an announcement and puts many ALTS in a spin.
I will reassess when things settle

Trade closed: target reached

I did sell when BTC did that, near the top.
Now I see a double top scenario, bearish divergence. After it plays out, then I might be interested in the bigger time frames.
Nice uptrend at the macro level.

Note

my thoughts.
Macro bullish structure taking place.
If this horizontal level holds along with with 13/50 1 hrly ema not crossing over and other indictors as well, we will see another move like FTT or LUNA, etc

Note

ssari

Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.

Also on:

Related publications

AAVE.USDT (Y20.P5.E1).Upward pressure

by ssari

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.