$AAVE just walked down another step.
Sat around 130 for a week, then the 123 shelf held for two days, gave way yesterday around 20:00 UTC and now it's 114.5, down 7% today.
Thing is this 113 to 115 area isn't random. Sept 16 wick got bought at 113, Oct 30 got bought at 115. This is the third visit.
For me the old 122 shelf is the line overhead. Daily close back above it and this whole drop starts looking like a shakeout.
Lose 113 on a daily close though and honestly there's not much on the daily chart until around 100.
Sat around 130 for a week, then the 123 shelf held for two days, gave way yesterday around 20:00 UTC and now it's 114.5, down 7% today.
Thing is this 113 to 115 area isn't random. Sept 16 wick got bought at 113, Oct 30 got bought at 115. This is the third visit.
For me the old 122 shelf is the line overhead. Daily close back above it and this whole drop starts looking like a shakeout.
Lose 113 on a daily close though and honestly there's not much on the daily chart until around 100.
