$AAVE: bottom is here!
On the 4h timeframe, a supply exhaustion signal has appeared (price returning to the previous bottom area, but trading volume decreasing significantly). By looking at smaller timeframes, we can see a lower wick candle this morning indicating weak hands being shaken out as the price was pushed below the previous bottom area (with a maximum selling volume candle at $82.5), followed by a quick buyback. The closing price is above the $83 bottom area.
🔼 BUY
Allocate capital into two parts: one part to buy at the current price range of 83-84. The other part to wait for a BUY opportunity if the price experiences a flash dump to the $70 range (unlikely to happen). If the price doesn't drop, then buy after confirming an upward trend - at least when it surpasses the $86.6 range.
Target: TP1 at the $115 range, which is the previous high of the larger timeframe. If this range is surpassed, the price may increase significantly.
🔼 BUY
Allocate capital into two parts: one part to buy at the current price range of 83-84. The other part to wait for a BUY opportunity if the price experiences a flash dump to the $70 range (unlikely to happen). If the price doesn't drop, then buy after confirming an upward trend - at least when it surpasses the $86.6 range.
Target: TP1 at the $115 range, which is the previous high of the larger timeframe. If this range is surpassed, the price may increase significantly.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.