Price analysis of AAVE in 4 hours
The pair has formed a symmetrical triangle on the 4-hour chart, which often acts as a continuation pattern. The flat moving averages and the RSI just below the midpoint do not give a clear advantage to either the bulls or the bears.
If the price rises and stays above the moving averages, the pair could rise to the resistance line. If it breaks and closes above the triangle, the chances of a bullish trend resuming will increase.
On the other hand, the pair could fall to the support line if the price remains below the moving averages.
