AAVE-3h. Sellers are trying to take the initiative.

21 de jan. de 2021

The wild growth of AAVE has finally come to an end. Whether this is a temporary halt or the beginning of a global correction is still unknown. However, the purpose of this idea is short-term speculation. So let's look at an interesting scenario in which we can catch 20% of the price movement.

As you can see in the chart, the AAVE price is now breaking the critical range $172-177 on which buyers have built an attempt to grow. Fixing the price under this range will confirm the weakness of buyers and open the door to sellers for the test range of $138-142.

However, the 4-hour candle has not closed yet to declare that this scenario works early. The candle may close with a false break of the $172-177 range and continue local consolidation. While the price of BTC is above $32000-33000 to enter the short position AAVE early.

Is this the end point of the fall? Maybe no. If you look at the larger timeframe, a good liquidity zone is in the range of $100-120.


However, these are the goals of the medium-term idea, which we will make if this idea starts to work out.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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