AAVE Nearing Key Resistance. Will Bullish Momentum Persist? 
2025-01-24
Category: None

Key indicators used for analysis:
1. Zero lag moving average (ZLMA): Refined form of moving average that reduces lag while maintaining smoothness. 

2. Price Volume Trend (PVT): Tracks price movement weighted by volume

3. Relative Strength Index (RSI): A momentum oscillator indicating overbought and oversold conditions.

Support:$273.02 
Resistance: $399.00

1.Price is trading above ZLMA9 and ZLMA51, signalling short and long term bullish momentum. 
2.The PVT indicator is trending upward, reflecting strong volume-driven price increase. 
3.RSI is forming higher lows, suggesting increasing strength in momentum.

 Note: This is only for educational purposes and not a buy and sell recommendation. Teak Finance will not be liable for any loss or gain. Please consult your trading advisor. 

