AAVE breakout incoming?The picture explains itself: inv H&S on the daily timeframe as well as a bounce on the golden fib.
AAVE/EUR Weekly Analysis (03-04-2021)1D-Chart:
- Since it has already break above the 'Main Triangle Upper Resistance', there is a bigger chance that the price will go up.
- Supertrend: Already bullish
- SMA 20 & 50: Price already above both MAs, and soon MA50 will cross above MA20. Another bullish sign.
- MACD(12,26,9): Still bullish,
AAVEEUR still has potential on the long runHi all,
as we can see, AAVE keeps respecting the main bands within the Pitch fork. In the past few days we saw sideways and big reactions on BTC changes. Also big money was accumulating BTC by using the alt coin/BTC pairs, so they do with AAVE/BTC as well, resulting in price decrease in the AAVE/EU
AAVEEUR keep going upAAVE/EUR keeps going up in a nice channel, seems like a never ending run up. As you can see it keeps respecting the zones in within the Fork, a solid long Defi choice, whit big potential going up. (first time doing this, open for any feedback).
Let me know what do you think!
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.