Have has been one of the altcoins that has show strength versus Bitcoin during it's rally. Key moment here. Simply watching and waiting for a health retest. Healthy would be a strong rejection to the upside ideally forming a new higher high. Weak break below doesn't mean we wont see AAVE perform however one should be cautious as it will be heading towards the POC where price can tend to trend towards. A break below the POC and greatest area HV nodes on the volume profile will be a sign of weakness and likely setting a new low. Strong break of the support line means we're more likely to see this scenario.
Be patient. No need to rush these trades.
Lots of opportunities in these markets and there will be lots more in the future.
Note
Boom! Most bullish scenario playing out. On our way to a new ATH and out performing Bitcoin this cycle.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.