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AAVEUSDT Perpetual Contract
Short
Updated

Aave (AAVE): Bouncing From EMAs / Or Breaking Down?

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Aave has had a nice movement to the upper resistance zone from where we got rejected and now the coin has been trading just above 100 and 200 EMA.

We are looking here for multiple scenarios of bullish or bearish outcomes.

2 points of interest are branches of EMAs and also that upper resistance zone so let's see which zone will be reached faster!

Swallow Team
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snapshot
Aave is still inside the neutral tunnel, looking for a confirmation of either a bullish movement or a bearish movement. Now we wait for price to exit that zone where price is bouncing from currently for a bigger movement.
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Aave has done a nice movement, breaking local sideways zone and also EMAs, which started the movement to lower zones here!

◼️ Price moved +16.88%
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Aave coin has nicely broken those EMAs and added a nice touch to that lower support zone.

✅ Price has moved 18.68% so far

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