$AAVE
Following a bearish breakout from Channel Up pattern, price has regained the $154 key level and remains in a clear Uptrend. Upside potential to $175 where it got rejected recently. If it breaks above $175, it could attack $200 next. (set a price alert). Momentum is inflecting bullish again (MACD Histogram rising).
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).
Trend: Short-term trend is Strong Up, Medium-term trend is Up, Long-term trend is Strong Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $154.00, then $134.00. Nearest Resistance Zone is $175.00, then $200.00.