#AAVE/USDT
AAVE dropped to 0.786 fib level of whole swing high and it can be in a big descending parallel channel that price is below middle line, also based on ascending trend lines I drew an ascending parallel channel that price can pullback to middle line that is the same as middle line of descending channel and resistance zone, then more drop to support zone that is the same with lower line of channel.
break out from middle line of descending channel will increase it to upper line around $350 and $400
AAVE dropped to 0.786 fib level of whole swing high and it can be in a big descending parallel channel that price is below middle line, also based on ascending trend lines I drew an ascending parallel channel that price can pullback to middle line that is the same as middle line of descending channel and resistance zone, then more drop to support zone that is the same with lower line of channel.break out from middle line of descending channel will increase it to upper line around $350 and $400
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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.