$AAVE
Concise analysis of the AAVE/USDC 4H chartš„
š Price Action & Structure
ā¢Price is currently at 298.29, recovering from a previous high of 325.38 and a low near 281.44.
The current move shows a higher low compared to the last dip, indicating buyers stepping in.
ā¢Price is pushing toward the upper Bollinger Band ā suggesting itās testing resistance rather than in deep breakout mode yet.
šµ Bollinger Bands
ā¢Bands are widening slightly, which signals increased volatility.
ā¢Price is hugging the upper band, which often precedes a pullback or a strong breakout if volume supports.
š MACD
ā¢MACD > Signal line, positive territory ā momentum is bullish, but histogram bars are not strongly expanding.
ā¢Watch for divergence if momentum fades while price keeps climbing.
š„ Stochastic
ā¢K: ~78, D: ~73, J: ~87 ā Stochastic is in overbought zone.
ā¢Suggests possible short-term cooling if no strong catalyst follows.
š Volume
ā¢Volume on the recent move up is moderate, not as strong as the spike that led to the 325.38 top.
ā¢This indicates bulls are in control, but conviction isnāt at its peak.
š Prediction & Trade Idea
ā¢Bias: Short-term bullish as long as price holds above ~284ā290 support zone.
ā¢If price cleanly closes above 300 with increasing volume, a test of 325 is likely.
ā¢On failure to sustain above 300 and rejection at the upper band, a retest of mid-Bollinger (~284ā290) is expected.
šÆ Entry & Risk
ā Long above 300 on strong candle close & volume target 325.
š« Stop below 290 (previous support zone).
š If already long, watch for overbought signals & consider partial profits near 310ā325.
