AAVE Slides Inside Steep 1D Descending Channel: Loss of MA100 Triggers Short Toward 100 USD Support Shelf?
AAVE on the daily (1D) timeframe continues to experience an aggressive correction following its macro distribution top near 185 USD. The prevailing downward structure remains strictly contained within a steep parallel descending channel, systematically printing lower highs and lower lows.
A major technical turning point has just materialized as the latest daily candle closed decisively beneath the dynamic MA100 moving average shelf near 128 USD. The breakdown of this critical trend-following baseline signals that buyers have completely surrendered structural control. Price action is presently hovering near 124.24 USD, weighed down by both the declining MA100 and the upper channel trendline. Selling volume remains steady, whereas responsive dip-buying interest appears noticeably absent. The most logical technical destination for this downward wave is the 100.53 USD major psychological level—a high-confluence zone matching the multi-month neckline of the inverse head and shoulders bottom formed earlier in August.
This confirmed structural breakdown unlocks an asymmetric trend-continuation Short opportunity featuring an attractive risk-to-reward ratio. The primary downside profit target is set at 100.53 USD, while a protective stop-loss should be positioned tightly above the MA100 resistance at 131.13 USD for disciplined capital management.
DYOR $AAVE
#Colecolen
AAVE on the daily (1D) timeframe continues to experience an aggressive correction following its macro distribution top near 185 USD. The prevailing downward structure remains strictly contained within a steep parallel descending channel, systematically printing lower highs and lower lows.
A major technical turning point has just materialized as the latest daily candle closed decisively beneath the dynamic MA100 moving average shelf near 128 USD. The breakdown of this critical trend-following baseline signals that buyers have completely surrendered structural control. Price action is presently hovering near 124.24 USD, weighed down by both the declining MA100 and the upper channel trendline. Selling volume remains steady, whereas responsive dip-buying interest appears noticeably absent. The most logical technical destination for this downward wave is the 100.53 USD major psychological level—a high-confluence zone matching the multi-month neckline of the inverse head and shoulders bottom formed earlier in August.
This confirmed structural breakdown unlocks an asymmetric trend-continuation Short opportunity featuring an attractive risk-to-reward ratio. The primary downside profit target is set at 100.53 USD, while a protective stop-loss should be positioned tightly above the MA100 resistance at 131.13 USD for disciplined capital management.
DYOR $AAVE
#Colecolen
