AAVE. Trading opportunity
Hello traders and investors!
The token has reached all targets, and the previous analysis is no longer relevant. It's time to create a new one.
Daily Timeframe
On the daily timeframe, the price has formed a sideways range, which started in March. The upper boundary is at 133.94, and the lower boundary is at 70. The current seller's vector is 12-13, with a potential target of 71.06 (70).
On August 21, the price broke above the upper boundary of the range with significant volume. However, the seller pushed the price back into the range and established a seller's zone at the upper boundary of the range on August 27 (red rectangle on the chart). At the same time, the seller tested the buyer's candle from August 19 (which was on increased volume) at the test level of 117.15. Yesterday, the buyer moved up to test the seller's zone, and the seller resumed from the 129 level. This might become the test level if a bearish candle forms today.
Hourly Timeframe
On the hourly timeframe, the price has also formed a range. The upper boundary is at 129, and the lower boundary is at 117.15 (which coincides with the daily test level). The current seller's vector is 6-7, with a potential target of 121.32. In ranges, it's advisable to trade from boundary to boundary if the boundary is defended.
Sell opportunities can be looked for from the seller's defense of the upper boundary at 129.
Buy opportunities can be considered from the buyer's defense at 121.32 and 117.15.
Good luck with your trading and investing!
The token has reached all targets, and the previous analysis is no longer relevant. It's time to create a new one.
Daily Timeframe
On the daily timeframe, the price has formed a sideways range, which started in March. The upper boundary is at 133.94, and the lower boundary is at 70. The current seller's vector is 12-13, with a potential target of 71.06 (70).
On August 21, the price broke above the upper boundary of the range with significant volume. However, the seller pushed the price back into the range and established a seller's zone at the upper boundary of the range on August 27 (red rectangle on the chart). At the same time, the seller tested the buyer's candle from August 19 (which was on increased volume) at the test level of 117.15. Yesterday, the buyer moved up to test the seller's zone, and the seller resumed from the 129 level. This might become the test level if a bearish candle forms today.
Hourly Timeframe
On the hourly timeframe, the price has also formed a range. The upper boundary is at 129, and the lower boundary is at 117.15 (which coincides with the daily test level). The current seller's vector is 6-7, with a potential target of 121.32. In ranges, it's advisable to trade from boundary to boundary if the boundary is defended.
Sell opportunities can be looked for from the seller's defense of the upper boundary at 129.
Buy opportunities can be considered from the buyer's defense at 121.32 and 117.15.
Good luck with your trading and investing!
Komentarz
The buyer resumed at the 121.32 level, just as expected (as mentioned in the previous post), and reached 129.
At the moment, the seller is protecting the level 129. On the 4-hour timeframe, there is a sideways range, while the seller's vector 5-6 is relevant, and the potential target is 118.35.
On the 1-hour timeframe, there is a short trend after accumulation above the level 129.
All three timeframes suggest searching for short positions. On the daily timeframe, the first obstacle is 117.15.
Good luck with your trading!
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t.me/user_friendly_trading
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