Aave

19 Okt

• Breakout Above $170: If the price of AAVE breaks above the resistance level of $170 with strong volume, it could signal a continuation of the uptrend. The next target would be the upper Bollinger Band around $178. A breakout above this level could lead to further upward momentum.
  
• Price Above 20-Day Moving Average: The price of AAVE is currently trading above the 20-day moving average, which is a bullish signal. This suggests that buyers are currently in control.
  
• Increasing Volume: The increasing volume on upward price movement confirms the strength of the bullish move.
  
• Failure to Break Above $170: If the price fails to break above the $170 resistance level and closes below the 20-day moving average (currently near $150), it could trigger a pullback.
  
• Pullback to Lower Bollinger Band: This pullback could push the price towards the lower Bollinger Band around $130, which acts as strong support.
  
• Overall: AAVE is currently in a bullish consolidation phase. The price is holding above the 20-day moving average and approaching the key resistance level at $170. Traders should closely watch the price action around this level. A decisive break above $170 with strong volume would confirm the bullish trend continuation, while a failure to break above could lead to a retracement.