Hi guys! After over a month of consolidation I believe AAVE is ready to take off. There was an accumulation period of approximately six weeks where the price was trading within the limits of the rectangle that I marked on the chart. A falling triangle has been printed on the 4h chart with double bottom on its base. Usually this pattern is being broken towards upside, and I am 80% sure this will happen this time. We also observe a decrease in selling volumes which indicates that bears are giving up. Of course don't forget that globally we are in a bull market. I will be keeping an eye on this coin and if we have a successful breakout of the triangle with a good support in buying volume, I will open a long position on spot market upon the retest/confirmation of the breakout. Hope I will get a chance and this thing doesn't fly away without me! This is a mid term trade with a potential of 70% to 120% gains. My take profit areas will be $680-700 and $890-910 per token.
This is my trading idea. I am neither a financial advisor nor I urge you to trade my idea.
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