We have a high velocity down wave that shows us a quick imbalance in price and fear that made this coin fall fast. However, within that bearish wave is the hidden bullish momentum when we extract the fear. Once the greed sets in, AAVE will return to the previous levels quickly and fill the gap in imbalance.
Do you think it is still valid after the recent bigger drop? Thx.
Saver0
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@bobovicz, Yes, in my view, it's still valid :) however, there is a definite risk but my system tells me the price needs to come back up. However, it might not make it all the way back to the top. If it doesn't, that means, cryptos will crash hard.
Thx.