Hello, dear members of LeoFinance!
Today, I want to point out one interesting formation in the price chart of AAVE.
In the daily chart (1D), AAVE/USD has exited the Descending Triangle (common trend continuation pattern) and is trying to resume the uptrend:
However, as can be seen from the chart, at the moment AAVE/USD is testing the resistance coming from the highest local high in the triangle.
I am really very curious if the price will be able to break through the resistance and continue the uptrend.
To be continued ...
As of the time of writing, one AAVE costs approximately $472,04 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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