$AAVE in a time frame of one hour #AAVE has the same support and resistance zones as in the 15 minute chart. Currently based on the indicators we find the following data
Moving Averages (MA)
MA 09-20-50: indicate an upward trend in the short and medium term
MA100 and 200: indicate a slightly bullish long-term trend
RSI: 66= which indicates that the overbought zone is approaching after a significant upward movement which makes us believe that the price may correct downwards ↘️
MACD: The MACD line has fallen below the signal line which indicates a possible bearish movement or price consolidation.
SAR: bearish
Volume: trading at average levels
Bolinger Bands: have begun to close which indicates that volatility is decreasing and price consolidation is possible after an upward movement.
In conclusion we can expect the price to consolidate between the 103-106 support zone and the $118 resistance zone. If the price overcomes the resistance of $118 the next target will be 130 which is the next high and the price falls below the support zone it is likely to fall to $97 which is the next support and then to the support of $85 ( previous minimum)
Moving Averages (MA)
MA 09-20-50: indicate an upward trend in the short and medium term
MA100 and 200: indicate a slightly bullish long-term trend
RSI: 66= which indicates that the overbought zone is approaching after a significant upward movement which makes us believe that the price may correct downwards ↘️
MACD: The MACD line has fallen below the signal line which indicates a possible bearish movement or price consolidation.
SAR: bearish
Volume: trading at average levels
Bolinger Bands: have begun to close which indicates that volatility is decreasing and price consolidation is possible after an upward movement.
In conclusion we can expect the price to consolidate between the 103-106 support zone and the $118 resistance zone. If the price overcomes the resistance of $118 the next target will be 130 which is the next high and the price falls below the support zone it is likely to fall to $97 which is the next support and then to the support of $85 ( previous minimum)