Date: 12/07/2023
Horizon / Timing: Tactical Mid-term / 1 to 3 months
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Titre : (BUY) AAVE bullish swing in progress to 105/122 within the range
Scenario:
AAVE is expected to progress towards 122. A break above the trend line will open a potential towards 88 before 105 and 122.
As long as 65,40 remains a tactical support valid in daily close a direct bullish move is expected.
Technical Key Elements:
- AAVE keeps potential to test the upper part of the blue range at 122
- RSI indicator is positive with a bullish signal valid and upside potential
- The Moving average crossed to the upside and act as support at 65,40
- Fibonacci key support is adjusted at 65,40 while the Elliot wave shows upside potential towards 105 and 122
Trade Idea conclusion: Buy - Conviction:
 | | Medium |
Target 2: 122
Target 1: 105
Intermediate level at 88
Buy: add in dip area 73
Stop: 65,40
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
