Aave Headed Towards Accumulation Zone (Down!)
2024-10-06

Remember those trade-ideas I shared in early August? The "Pre 2025 Bull-Market" series?

In these, we predict one last accumulation phase before the major 2025 bull-market. It seems all the pairs are now preparing to move to the accumulation zone where this accumulation phase will happen.

Here we have Aave (AAVEUSDT) peaking. After a peak comes a down wave. The down wave will send prices toward our predicted accumulation zone.

Last week closed as a shooting pattern candlestick pattern.
This week is full red. So last week we get the bearish reversal signal and this week is the confirmation of that signal. Lower prices next.

The drop should end in a higher low and there will be much growth in 2025 but still, we are going lower short- to mid-term. Technically speaking, we would still be within bullish territory and bullish action because of the long-term higher low. This can be described as a simple and normal correction. It takes time and accumulation before a major bullish run.

The major full-blown bull-market will happen in 2025, not 2024.

Thank you for reading and for your continued support.

We can predict the future through the charts.

Namaste.