AAVE tested the weekly pivot as support and after a secondary pullback to the 0.236 Fibonacci retracement, sky rocketed alongside BTC and crypto yesterday to a new local high.
Wave III looks truly underway with this kind of price action and the target remains the R5 weekly pivot at $1155. High Volume Node resistance at $460 and $670 are the next targets.
Weekly RSI has plenty of room to grow to get to overbought.
Analysis is invalidated below $111 so plenty of room to breathe!
Safe trading
Wave III looks truly underway with this kind of price action and the target remains the R5 weekly pivot at $1155. High Volume Node resistance at $460 and $670 are the next targets.
Weekly RSI has plenty of room to grow to get to overbought.
Analysis is invalidated below $111 so plenty of room to breathe!
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Related publications
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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Related publications
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.