$AAVE BTC Technical Analysis
Chart Guide
$AAVE Support ( Green Rectangle ): 0.0057 - 0.0051 BTC
$AAVE Resistance ( Red Rectangle ): 0.0084 - 0.0078 BTC
$AAVE 2nd Resistance / Target ( Red Line ): 0.0104 BTC
$AAVE Green Line = Future Resistance Trend Line
$AAVE Blue Dotted Lines = Breakout Lines
$AAVE Bounced from Support after breaking out and for me it is heading to the Strong Resistance for a Retest and if that happens it will pull back to 0.0070 then will head again to the Strong Resistance it might manage to break it and flipping it to a New Support. ( Forming of Left Shoulder )
When the Strong Resistance succesfully flips to a support the price will bounce to 0.0104 ( Resistance ) and it will form the head and it will get rejected. ( Forming of the Head )
After it gets rejected it will go back to the New Support and it will manage to break this level and then it will retest it then will plummet back to the Old Support where it will paint a new breakout form. ( Forming of Right Shoulder )
After the Head and Shoulders Pattern is Complete we will see a Breakout Form Take Place ( $AAVE Green Line ) Also, if it breakout's we might see 0.01 Again.
Indicators Analysis
MACD = Bullish
RSI = Bullish Divergence
MFI = Bullish Divergence
PSAR = Bearish
SMA = Bearish
Others
Bullish Volume Spike
Not a Financial Advice and This is just my opinion of a Scenario It might be inaccurate. Always do your own research first before investing/buying cryptocurrency.
This Chart is Made by Me.
