🚀 $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.
📈 The Technical Setup:
• The Pattern: Macro Reversal / Fib Extension Recovery Structure
• Short-term Target: 204.69 USDT
• Macro Objective: 241.76 USDT
• Market Structure: Reversal / Accumulation Recovery
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 140.00 - 150.00 USDT
• Resistance: 180.00 - 204.69 USDT
• Breakout Level: 168.03 USDT
• Stop Loss / Invalidation: 135.00 USDT
📊 Confirmation:
• Volume: Neutral/standard volume building on recent weekly green candles
• Momentum: Strong bullish recovery momentum off the yearly lows
• Trend: Transitioning from a macro downtrend into an upward reversal structure
⚠️ 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.
💎 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.
📈 The Technical Setup:
• The Pattern: Macro Reversal / Fib Extension Recovery Structure
• Short-term Target: 204.69 USDT
• Macro Objective: 241.76 USDT
• Market Structure: Reversal / Accumulation Recovery
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 140.00 - 150.00 USDT
• Resistance: 180.00 - 204.69 USDT
• Breakout Level: 168.03 USDT
• Stop Loss / Invalidation: 135.00 USDT
📊 Confirmation:
• Volume: Neutral/standard volume building on recent weekly green candles
• Momentum: Strong bullish recovery momentum off the yearly lows
• Trend: Transitioning from a macro downtrend into an upward reversal structure
⚠️ 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.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#AAVE #crypto #BinanceSquare #Binance #bitcoin
