AAVEUSD headed for double bottom target?
AAVE token made two lows in April and July of this year
On RSI this resulted in a divergence, as the prices made a new low but RSI failed to make a new low
This was followed by a failed attempt to break the neckline to the upside.
Finally in August we saw the token successfully break the neckline inspite of weakness across the crypto space
This breakout has sustained and now AAVE seems headed to hit it's double bottom targets
On RSI this resulted in a divergence, as the prices made a new low but RSI failed to make a new low
This was followed by a failed attempt to break the neckline to the upside.
Finally in August we saw the token successfully break the neckline inspite of weakness across the crypto space
This breakout has sustained and now AAVE seems headed to hit it's double bottom targets
Disclaimer
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.