#CryptoTrading. #TechnicalAnalysiss #Signal🚥.
📊Technical analysis (1 hour) $AAVE /USDT
Current situation:
• Price: ~154.86 USDT (-12.07% per day).
• The chart shows a strong bearish momentum: a sharp decline after the peak, a downward breakout with large red candles.
• Bollinger Bands (20.2): The price is below the middle line (MB 158.67), close to the lower band (DN 153.25) — oversold and volatile.
• MA(5): 3916.8, MA(10): 4306.2 — the price is significantly below the moving averages, confirming the downtrend.
• MACD: 0.21 (weak, but positive? — histogram is red, line down).
• On-Balance Volume (O.I.): Rising (36.2K - higher value) — volume accumulation on the decline, possible buyer interest.
• RSI (6/12/24): ~35/32/33 — close to oversold zone (below 30 = strong oversold), potential for rebound.
Overall trend: Short-term — strongly bearish (correction after growth). Possible temporary rebound due to oversold.
Signals:
🟢Buy (Long): Weak/conditional. Wait for confirmation of rebound above 157-160 (local resistance/MA). If RSI falls below 30 and turns up + green candle with volume — indicative entry at a distance of 164-170 (upper Bollinger/previous resistance). Risk: fake rebound.
🔴Sell (Short): Strong. Current momentum down, price below all key levels. Entry at current or on a weak bounce to 158-160. Targets: 150-153 (lower Bollinger), then 140-145 if broken. Stop above 164.
⚠️Recommendation: Currently the advantage of short or wait for clarity (bounce or continued decline). Risk management is mandatory - crypto is volatile!