AAVE uptrend slowing down
2024-11-01

On the background of bleeding BTC i see AAVE uptrend slows down.
1D channel begins to incline, and correction wave fails to print new HH 3 times in a row already. So it might be signs of reversal.

137 support is still valid, but sellers are pressing that triangle down.
So I will watch big TF close candles on that Support level.

If 1D closed under 137 (after touch) I will count that as an uptrend channel breakout and target the lower demand zone.

It 1D close above 137 (after touch) I will target the triangle upper border. And a trend channel bottom retest on the same time.