#AEVO Technical Analysis: Trend Reversal

Jul 20

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

AEVO has recently broken above the descending channel after 110 days of a continuous downtrend.

The price is currently holding support at the 21 EMA, and it is likely to show a decent rally, creating an uptrend.

- Primary Support: 21 EMA at $0.519.
- Short-term Target: $1.053.
- Mid-term Target: $1.84.
- Long-term Target: $3.73.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE