đł $AAVE 4-hour golden crossâletâs take a look from a chip-distribution perspective:
The bearish momentum bars have continued for 6 consecutive 4-hour candles, which suggests that bears were in control before, but selling pressure is now starting to ease. However, the crossover is below the zero line, and there are plenty of holders underwater above. A rebound could run into selling pressure from those looking to break even when it reaches the previous high-volume zone.
What do you all think?
The bearish momentum bars have continued for 6 consecutive 4-hour candles, which suggests that bears were in control before, but selling pressure is now starting to ease. However, the crossover is below the zero line, and there are plenty of holders underwater above. A rebound could run into selling pressure from those looking to break even when it reaches the previous high-volume zone.
What do you all think?
