AAVE is showing a large triangle convergence pattern on the 1D chart. The price has formed a double top pattern after the latest test of the resistance trend line, and the overall trend is still bearish.
-
But looking at the four-hour chart:
The price broke through and closed above the neckline of the double top at 73.45, and a inverse H&S pattern appeared. Pay attention to the target price above:
76.79
77.54
78.29
80.71
83.50
84.63
Stop loss: 70.11
-
-
But looking at the four-hour chart:
76.79
77.54
78.29
80.71
83.50
84.63
Stop loss: 70.11
-
Bình luận:
1D chart:
After AAVE reached the target price of 80.71, the price fell back to the Fibonacci sequence support of 0.618, and the overall trend was higher low. If the price falls below the 0.618 support of the Fibonacci sequence, pay attention to the support trend line below.
-
1 hr chart:
The price also showed a pattern of higher low near the support, which shows that AAVE has a chance to stop falling near this price.
If it gets effective support here, AAVE will have a inverse H&S pattern.
-
1 hr chart:
If it gets effective support here, AAVE will have a inverse H&S pattern.
Bình luận:
1hr chart:
The short-term trend has reversed, and it has been effectively supported around 74.98. The current price has also broken through 81.89. At present, we can first pay attention to the resistance trend line above.
-
1D chart:
After breaking through 81.89, an ascending triangle pattern appears, pay attention to the upper target:
88.80
90.94
93.08
99.99
104.33
-
1D chart:
88.80
90.94
93.08
99.99
104.33
Telegram頻道:
t.me/noahchen_crypto
Telegram聊天群:
t.me/noahtradingroup
bybit sign up:
partner.bybit.com/b/56404
zoomex sign up:
partner.zoomex.com/aff/zx39840
t.me/noahchen_crypto
Telegram聊天群:
t.me/noahtradingroup
bybit sign up:
partner.bybit.com/b/56404
zoomex sign up:
partner.zoomex.com/aff/zx39840
AAVE 4hr inverse H&S reaches Fibonacci number 2, pay attention to price drop.