AAVE is forming a clear rising wedge structure after rebounding from the lower demand zone. Price is making higher highs and higher lows, but the range is tightening, showing loss of bullish momentum as it pushes into a major descending trendline.
This rising wedge is developing against higher timeframe resistance, which increases the probability of rejection. If price fails to break and hold above the descending trendline, the structure is likely to resolve to the downside. In that case, the next key demand area sits around one sixty to one sixty five.
For the bullish scenario, AAVE must break above the descending trendline with strong acceptance and volume. Such a move would invalidate the bearish wedge structure and open the path toward the two hundred to two hundred five resistance zone.
This setup is driven by rising wedge dynamics, trendline confluence, and structure compression. The reaction at resistance will define whether price continues higher or resumes the broader downtrend.
Confirmation is essential before taking directional trades.
This rising wedge is developing against higher timeframe resistance, which increases the probability of rejection. If price fails to break and hold above the descending trendline, the structure is likely to resolve to the downside. In that case, the next key demand area sits around one sixty to one sixty five.
For the bullish scenario, AAVE must break above the descending trendline with strong acceptance and volume. Such a move would invalidate the bearish wedge structure and open the path toward the two hundred to two hundred five resistance zone.
This setup is driven by rising wedge dynamics, trendline confluence, and structure compression. The reaction at resistance will define whether price continues higher or resumes the broader downtrend.
Confirmation is essential before taking directional trades.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.