Possible breakout for $AAVE against $USDT

6 באפר׳ 2021

AAVE running out of room in this symmetrical triangle pattern. Movement with volume and alignment of 4EMAs could produce a bullish breakout with probable pullback or rebound off .318 FIB If there is trend continuation the measured move could be around 28%

7 באפר׳ 2021

הערה

8 hrs after the publishing of this idea price action broke out and reentered the triangle. A second attempt of breaking out of the upper band succeeded but forming a regular bearish divergence with consecutive higher highs on the price action while RSI and MACD plotted lower highs. Price action following broke under the triangle into a correction wave. Will have to wait for further development of price action.