Aave (AAVE): Time To Re-Claim Lower Supports 👀
AAVE is currently in a pivotal phase, testing the resilience of a bullish trend that has been the backbone of recent upward movements. The price is hovering near the middle line of the Bollinger Bands, suggesting a potential turning point. We are closely monitoring for a breakdown below this middle line, which lines up with the supporting trend line that aligns with the lower Bollinger Band.
A significant move below this area of support could prompt a bearish shift, leading to a retest of lower support zones. The key to bearish confirmation would be a successful breakdown, re-test, and subsequent re-claim of these lower levels.
A significant move below this area of support could prompt a bearish shift, leading to a retest of lower support zones. The key to bearish confirmation would be a successful breakdown, re-test, and subsequent re-claim of these lower levels.
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The daily candle got rejected from upper side of Bollinger Bands
The daily candle got rejected from upper side of Bollinger Bands
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Meanwhile, we remain below the resistance zone and are safe from the upper liquidity grab zone.
As we can see, the last 2 candles found it hard to breakout, which is good for sellers!