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AAVE: Strong Impulsive Move on the Horizon
AAVE is showing two clear, decisive breaks of the upper trendlines, pointing to an upside move. The price action looks impulsive, with sharp upward lunges already visible. If this pattern holds, we’re likely in Wave 3, and a significant move to the upside could happen quickly.
However, after Wave 5 of 5 completes, we should expect a classic ABC correction to follow. For now, the trendline analysis looks solid, but it’s crucial to wait for a decisive trend break before considering taking positions. As always, make sure your signals align before jumping in.
However, after Wave 5 of 5 completes, we should expect a classic ABC correction to follow. For now, the trendline analysis looks solid, but it’s crucial to wait for a decisive trend break before considering taking positions. As always, make sure your signals align before jumping in.
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