Crypto market continues to rebound, selectively, with breakouts from classic reversal patterns: Channel Down and Falling Wedge.
AAVE broke out of a Channel Down pattern a couple of weeks ago, pulled back to that breakout level (our entry) and has now reached our $100 price target for a nice 20% profit.
If it breaks above that, it could revisit $109 (200 SMA) but we'd take some profit now and keep some with a tight trailing stop loss.
AAVE has been on the move since they activated the "Aave Will Win" (AWW) business plan, which among other things routes 100% of revenue to token buybacks.
We shared this trade setup in our VIP telegram group and our Technical Analysis section.
AAVE +20% Profit on Channel Down Breakout
We’re seeing more assets breaking out or the verge of breakout from Channel Down and Falling Wedge patterns, which are classic bullish trend reversal patterns:
Trade Setups
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