AAVE - Falling wedge is breaking out! + Complete Elliott Wave

Jul 14, 2022

• AAVE is ready for a new bull market!
  
• On the macro scale, we can see a falling wedge pattern that is currently breaking out.
  
• As per my Elliott wave technical analysis, the ABC correction has been completed and because of that we can expect a new Impulse wave.
  
• Good news is that the price has been supported by 0.786 FIB + yellow trendline.
  
• We didn't make a new low on the macro scale, so there is a great chance for a new bull market!
  
• If we take a look at the RSI indicator - we can spot a bullish divergence, always nice to see in the end of the downtrend.
  
• Next target is ofcourse previous all time high from 2021.
  
• I see a lot of altcoins probably bottomed out, so next weeks / months can be finally bullish.
  
• Look at my ideas about interesting altcoins in the related section down below ↓
  
• For more ideas please hit "Like" & "Follow"!