📊 MARKET ANALYSIS – $AAVE
AAVE is attempting to break upward from a descending channel, a structure typically corrective within a larger trend. A strong candle close above the channel or a successful retest of the channel as support would confirm the validity of the bullish move.
Currently, the price shows intent, but still needs confirmation. A break without volume or a clear close is usually just a false move… and the market does not forgive false moves.
💡 Key Technical Reading:
• The descending channel acts as dynamic resistance
• A confirmed break changes the short-term structure to bullish
• The retest is key: break + support = continuation
• Failing the break could lead to a new rejection within the channel
📈 Bullish Scenario (Preferred):
➜ Clear close above the channel
➜ Clean retest and buying reaction
➜ Continuation of the momentum towards higher resistances
📉 Alternative Scenario:
➜ Rejection at the top of the channel
➜ Loss of momentum
➜ Continuation of lateral/bearish movement within the structure
🧠 Conclusion:
AAVE is in a decision zone. If it confirms the break, the bias becomes clearly bullish. If not, patience: the market always gives opportunities again, and there is no need to chase the price… the price moves on its own.
