Aave: ⬇️ Sell
– Aave falling inside impulse wave (1)
– Likely to fall to support level 248.5
Aave cryptocurrency continues to fall inside the impulse wave (1), which started earlier from the resistance zone between the multi-month resistance level 335.00 (which has been reversing the price from January) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing, which started the active intermediate wave (1).
Aave cryptocurrency can be expected to fall to the next support level 248.5 (which stopped the previous wave 4).
Source: Fxpro