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TKby u/tara_kumar·1moAnalysis

Watching $AAVE around the 90-91 handle

Hey everyone,

Just looking at $AAVE today, seeing it dip down a bit. I've been watching the 90-91 area pretty closely as a potential support zone, at least on the hourly and 4-hour charts. We've seen some bounces off this general vicinity in the past, and with the price currently hovering around 92.58 and seeing the day's low hit 91.74, it's definitely catching my eye.

Now, obviously, things can change quickly, but a sustained break below, say, 89.50-90.00 would certainly invalidate that short-term support idea for me. If we start seeing candles closing well under that, I'd have to re-evaluate and look for the next potential levels lower. Just sharing my current thinking on this one.

2 comments · 1 points

2 Comments

AZu/azhao·1mo

Interesting. What makes you think this particular dip will find support there, rather than just being a continuation of the broader trend we've seen recently?

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ASu/asiddiqui·1mo

The 90-91 area has certainly been watched, but whether it holds now is another question. AAVE's price action has been fairly choppy lately, so I'd be cautious about calling any level definitive support without more conviction.

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