My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
AAVE developed a base that should be the bottom of the correction, as the previous bottom was not invalidated. EMA's are converging post negative price action in which an aggressive move to re-test the daily R1 would be a nice scalp targe if an entry was placed @ the local bottom.
If BTC and ETH remain in this bullish trend, AAVE should re-testing ATH, then correct for structural footing. If AAVE penetrates the daily R2, on a bullish vibe, overhanging diagonal resistance could cause a sharp correction to the .382 - .236 fib levels. AAVE should find plenty of support in that region due to the region being heavily traded that has been validated as support. Anchored VWAPS from 78th and 103rd bar of price action provides confluence for support being found @.382 - .236 fib levels
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
____________________________________________________________________________________________
ANALYSIS:
AAVE developed a base that should be the bottom of the correction, as the previous bottom was not invalidated. EMA's are converging post negative price action in which an aggressive move to re-test the daily R1 would be a nice scalp targe if an entry was placed @ the local bottom.
If BTC and ETH remain in this bullish trend, AAVE should re-testing ATH, then correct for structural footing. If AAVE penetrates the daily R2, on a bullish vibe, overhanging diagonal resistance could cause a sharp correction to the .382 - .236 fib levels. AAVE should find plenty of support in that region due to the region being heavily traded that has been validated as support. Anchored VWAPS from 78th and 103rd bar of price action provides confluence for support being found @.382 - .236 fib levels