$AAVE

The pattern drew on the AAVE/USDT in the 1-hour chart is a Descending Triangle (also known as a Bearish Triangle or Descending Wedge in some contexts, but technically it's a classic descending triangle).

Key Elements of the Pattern :

Flat/Descending Upper Trendline (Resistance) a descending (downward-sloping) resistance line connecting the lower highs over time.

It starts high on the left (near the recent swing high around 98.05) and slopes downward to the right, ending near the current price level (~94).

Ascending Lower Trendline (Support) is a rising support line connecting the higher lows.

It starts from the major low around 85.05 (the sharp drop on April 7-8) and slopes upward, meeting the descending resistance line at a future point on the right.

Why it's a Descending Triangle?

Bearish : In technical analysis, a descending triangle is generally considered a continuation pattern in a downtrend or a reversal pattern at the end of an uptrend. It often signals bearish momentum building up , because Sellers are stepping in at progressively lower highs (weaker buying interest on rallies).

Buyers are defending at higher lows (still some support, but the range is compressing).

Potential Targets if it Breaks:

Bearish Breakout (most probable statistically):Measure the height of the triangle at its widest point (from the high ~98 to the low ~85 = ~13 points).

Project that distance downward from the breakout point on the lower trendline.

This could target the 78–80 zone or lower, depending on market conditions.

Bullish Breakout (less common but possible):

If price breaks above the descending resistance with strong volume, it would invalidate the bearish pattern and could target the previous highs (~98–100+).

DO YOUR OWN RESEARCH #DYOR

NOT a FINANCIAL ADVICE #NFA