Aave Token: Rising Wedge & Head & Shoulders
2024-10-26

Two bearish patterns are present on this chart signaling the end of the bullish wave. The first one is the rising wedge seen on the main chart above. The pattern already broke bearish and the drop is already happening and confirmed.

The second one is the head and shoulders pattern, it comes at the top of a trend to signal that a reversal is coming. Notice how today's candle already trades below the patterns neckline: 

AAVEUSDT looks good for a short because it can produce profits fast with low risk, as the move is already advanced but not too far advanced. It is a good chart setup.

The dynamics here are the same as with the other pairs recently published. 

This drop will lead to the activation of support which is our long-term accumulation zone. In this accumulation zone we will have consolidation for several months and then the start of the 2025 bull-market. The bull-market can lead to new All-Time Highs. It will take time though. Patience is key.

Thank you for reading and for your continued support.

Namaste.