đ $AAVE is showing a potential technical setup!
The weekly chart displays a strong recovery off the recent macro lows with an impulsive bounce building toward higher resistance levels.
đ The Technical Setup:
âą The Pattern: Macro Reversal / Fib Extension Recovery Structure
âą Short-term Target: 204.69 USDT
âą Macro Objective: 241.76 USDT
âą Market Structure: Reversal / Accumulation Recovery
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 140.00 - 150.00 USDT
âą Resistance: 180.00 - 204.69 USDT
âą Breakout Level: 168.03 USDT
âą Stop Loss / Invalidation: 135.00 USDT
đ Confirmation:
âą Volume: Neutral/standard volume building on recent weekly green candles
âą Momentum: Strong bullish recovery momentum off the yearly lows
âą Trend: Transitioning from a macro downtrend into an upward reversal structure
â ïž Invalidation:
A weekly candle close below the 135.00 USDT support zone would invalidate the current bullish reversal setup.
Patience is advised while price tests key local resistance levels to confirm structural continuation.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#AAVE #crypto #BinanceSquare #Binance #bitcoin
The weekly chart displays a strong recovery off the recent macro lows with an impulsive bounce building toward higher resistance levels.
đ The Technical Setup:
âą The Pattern: Macro Reversal / Fib Extension Recovery Structure
âą Short-term Target: 204.69 USDT
âą Macro Objective: 241.76 USDT
âą Market Structure: Reversal / Accumulation Recovery
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 140.00 - 150.00 USDT
âą Resistance: 180.00 - 204.69 USDT
âą Breakout Level: 168.03 USDT
âą Stop Loss / Invalidation: 135.00 USDT
đ Confirmation:
âą Volume: Neutral/standard volume building on recent weekly green candles
âą Momentum: Strong bullish recovery momentum off the yearly lows
âą Trend: Transitioning from a macro downtrend into an upward reversal structure
â ïž Invalidation:
A weekly candle close below the 135.00 USDT support zone would invalidate the current bullish reversal setup.
Patience is advised while price tests key local resistance levels to confirm structural continuation.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#AAVE #crypto #BinanceSquare #Binance #bitcoin
