First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We reached a low marking the end of our phase 2 correction around $153, which formed the ABC sub-waves (purple) in a Zig-zag pattern.
We then traced the phase 3 of our impulse which is waiting for us to cross MM200 which has become an important resistance as well as our Kumo.
Finally, we need to cross the $430 mark to validate the Elliott wave impulsive structure and take off towards our next objective of this wave 3.
To conclude we have two main objectives before the validation of the bullrun :
The first one is located on the MM200 and close to the Kumo around 300$.
The second is located around $430 corresponding to the old highs to recover.
Let's give AAVE time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
We reached a low marking the end of our phase 2 correction around $153, which formed the ABC sub-waves (purple) in a Zig-zag pattern.
We then traced the phase 3 of our impulse which is waiting for us to cross MM200 which has become an important resistance as well as our Kumo.
Finally, we need to cross the $430 mark to validate the Elliott wave impulsive structure and take off towards our next objective of this wave 3.
To conclude we have two main objectives before the validation of the bullrun :
The first one is located on the MM200 and close to the Kumo around 300$.
The second is located around $430 corresponding to the old highs to recover.
Let's give AAVE time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!