Has AAVE stopped falling? Will it fall below $134?
AAVE has been strong recently. Each wave of rise has broken a new high, and the callback has not broken a new low. This is a healthy upward trend.
This trend callback to the support level is a short-term opportunity. Let's take a look at the short-term trend of the four-hour market.
1. The callback did not break a new low. The hammer line at 8 o'clock last night was a stop-fall signal, and the market stopped falling.
2. The subsequent K-line shrinking volume is an inertial decline, and then a cross pregnancy line appears, and the market enters a shock.
3. The previous K-line closed a cross morning star, and a reversal pattern appeared after the stop-fall pattern, indicating that the bulls are strong.
4. After a rapid decline, a huge amount of energy appeared near the support level. There was no further decline in the future, but a reversal signal appeared, which shows that this wave of callbacks has ended.
Judging from the above clues, AAVE has stopped falling and will usher in a wave of rise later. This four-hour shrinking callback is the time to enter the short-term market. If you don't know how to adjust, wait and don't chase high.