AAVE is rebounding from the lower boundary of a multi year compression that has defined the entire cycle. The structure is still inside the range, but the important part is location: price is moving away from long term support and back toward the descending ceiling. If that ceiling finally gives way, AAVE moves from compression into expansion.
chart is starting to look like a late accumulation structure, not a fresh downtrend
chart is starting to look like a late accumulation structure, not a fresh downtrend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.