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AAVE Technical Analysis: Bulls Plan The Consolidation Trap Breakout

AAVE Technical Analysis: Bulls Plan The Consolidation Trap Breakout


Cryptoknowmics
2022-10-14 13:25:34

The AAVE technical analysis shows a bull cycle starting in the consolidation range challenging the resistance trendline to end the declining trend. The AAVE price action displays a bear trend starting a consolidation range between the $70-$78 mark in the daily chart. Currently, the recent bull cycle in the range pattern forms a morning star pattern teasing a trendline breakout. So, should you consider grabbing this bullish opportunity in AAVE? Key Points: The AAVE price action shows a highly influential bearish trendline in the daily chart. The reversal at $70 signals the start of a new bull cycle. The intraday The post AAVE Technical Analysis: Bulls Plan The Consolidation Trap Breakout appeared first on Cryptoknowmics-Crypto News and Media Platform.


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