AAVE registered a bullish candlestick

25 thg 1, 2023Last week, AAVE registered a bullish candlestick with a not-so-large body. The resistance that the price hit and reacted to is the $91.3 range. Also, this area has exactly overlapped with the ceiling of the medium-term descending channel, which could cause the price to have a correction towards lower supports this week. A trend change is observed in the daily time frame. Therefore, a pullback supported by 71.2 to 75.9 dollars can bring a positive reaction.

But more important support is considered in the $66.5. If weakness is observed in the uptrend, given the potential for a double ceiling pattern to form in the 4-hour timeframe, if the first support is broken, the support range of The second can bring a stronger reaction. Therefore, you can consider these two supports this week, because if there is a positive reaction to these levels, another upward movement can be formed.