Log Chart of AAVE, with curved/parabola trend lines and potential paths.
The fib levels indicate points of resistance.
Current Strong Resistance: 0.236 Fib, EMA20, EMA50 - wow!
Support from EMA 100 - pretty cool to see this all line up.
Breaking through this resistance area could rocket the price up to previous highs, possibly further.
We also have the RSI, Stoch RSI and MFI. All of which are in oversold/neutral territory meaning, risk-vs-reward on this trade is well balanced, if indeed the bull market ensures and bitcoin dominance drops.
My personal opinion is that bitcoin chops sideways for 3-12 days and alts have a mini rally.
The fib levels indicate points of resistance.
Current Strong Resistance: 0.236 Fib, EMA20, EMA50 - wow!
Support from EMA 100 - pretty cool to see this all line up.
Breaking through this resistance area could rocket the price up to previous highs, possibly further.
We also have the RSI, Stoch RSI and MFI. All of which are in oversold/neutral territory meaning, risk-vs-reward on this trade is well balanced, if indeed the bull market ensures and bitcoin dominance drops.
My personal opinion is that bitcoin chops sideways for 3-12 days and alts have a mini rally.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
