There are some AAVE fibonacci support and resistance lines.
So, if i am buyer, i can wait 439.823 or little more risky, i can buy above 496 and looking for next resistance 542.500 Or if seller, waiting resistance 542 for short. More risky, wait for under 496 for short
Support 1: 496 (weak) Support 2: 439 (strong)
Resistance 1: 531 Resistance 2: 542
Lets watch.
It şis not investment advice
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AAVE must to stay above 542. Then we can talk about Fibo 1.618 :)