xtremerider8

AAVE trying to breakout downtrend line

BINANCE:AAVEUSD   AAVE
AAVE weekly chart has a good support at 252 although failure to break the downtrend line may result in a retest of 206 since RSI at 65 & the falling red cloud may present resistance in the near short term.
It is slowing climbing the stairs one step at a time…with ABC down already completed, a new wave 1 may have already started with a BIG ENGULFING candle in the weekly chart.
Next resistances are 3.40 and 4.40

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