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AAVE/USDTPERP Potential Upward Movement

AAVE/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 427.05, 483.68, 484.00.

Key Support Levels: 347.32, 308.13, 308.00.

Daily Chart:

The price on the higher time frame managed to break the Wyckoff accumulation phase to the upside where it posted a big bodied bullish bar. This led to a huge move to the upside and this could continue all the way up toward the next key level.

AAVE/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price is about to post a correction count where an accumulation phase is about to be broken to the upside. Higher lows along with bars that has long wicks to the downside shows that the market will rally soon toward the next key level.

Signal Idea:

Buy Stop Order @ 392.56

TP 1 @ 426.04

TP 2 @ 483.68

Stop Loss @ 382.68

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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