Aave: ⬆️ Buy
– Aave reversed from support level 143.85
– Likely to rise to resistance level 163.00
Aave cryptocurrency recently reversed up from the support zone between the support level 143.85 (former resistance from the end of August, which stopped wave (1), and former support which stopped waves ii and iv in the second half of September), the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse 1 from the middle of August.
The upward reversal from this support zone completed the impulse wave a and started the active correction b of the ABC correction 2 from the start of October.
Given the strength of the support level 143.85, the oversold daily Stochastic and the bullish crypto sentiment seen today, Aave cryptocurrency can be expected to rise further toward the next resistance level 163.00 – which stopped waves (iv) and b earlier this month.