๐ #AAVE/USDT Trade Setup ๐ $AAVE
๐ Bullish reversal confirmed! Following a breakout from the Falling Wedge pattern, price surged above the prior swing high of $95, signifying a trend reversal with targets set at $120 near-term and $130 mid-term.
๐ Patterns: Falling Wedge breakout โ a bullish signal. Swing traders may have initiated trades between trendlines; however, confirmation comes with a completed pattern and breakout.
๐ Trend: Uptrend (ST, MT) and Neutral (LT)
๐ Momentum: Bullish. MACD Line > Signal Line, RSI > 55.
๐ Supp/Res: $95 (prev. resistance), $80 / $120 (Near-term Target), $130 (Mid-term Target)
๐จ Stay alert for confirmation signals!
๐ฏ Buy Signal: Initiate the trade upon a confirmed breakout above $95.
๐ Sell Targets: $120 (Short-term) and $130 (Mid-term).
Stay vigilant! ๐ #TechnicalAnalysis #AAVE #TradingSetup #Write2Earn