Keep an Eye on AAVE! 🚀 Bullish Cup and Handle Breakout Await! 💎 Paradisers, #AAVE has recently broken out of a cup and handle pattern, and we are currently awaiting confirmation of this breakout through a retest.
💎If #AAVEUSDT manages to surpass the previous high from where the price retraced below the cup and handle pattern, this would signal that the bulls are in control, and we can anticipate a bullish move.
💎In the event of a pullback, we can anticipate a bounce from the bullish order block (OB) due to the bullish market structure and supportive trendline.
💎However, if the price breaks down below the bullish OB level, it could be interpreted as a bearish scenario. Nevertheless, it may be prudent to wait for clearer price action before making any trading decisions.
💎If you're new to technical analysis and finding it confusing, feel free to reach out via DM or comment below. I'm here to assist you in navigating through it.
