Aave has been rejected by high-timframe resistance at $ 316 and is now an important support area. While short -term weakness has come to light, the broader structure may still favor rapid continuity.
Summary
- Lost the point of Aave-Timeframe resistance and control at $ 316.
- The major support sits on $ 227, supported by fibonacci, structure, and a fast order block.
- Keeping $ 227 can trigger a jump towards $ 390 and can maintain market trend rapidly.
$ 316 After failing in high-timing resistance, AAVE (AAVE) initiated an infectious step, which has now brought the value to the point of points. This level serves as the major short -term gauge of power. If Aave fails to organize the region, the next major support constituency at $ 227, where many high-timing bullish signals are converted.
Major Technical Points:
- HTF resistance dismissed at $ 316: A strong rejection has shifted short -term speed.
- Major support at $ 227: 0.618 Fibonacci, struggle of high low area and sequence blocks.
- Bulish market structure intact: By the time $ 227 holds $ 227, the structure moves a rotation back to $ 390.
Rejection from $ 316 marks a clear local top for now, back into more meaningful support levels as prices. The matter of control is in the form of a buffer, but the recent price action suggests weakness at this level. If this area fails on a daily closing basis, the possibility increases for a deep retracement twin $ 227.
$ 227 has significant technical importance in the field. This is not only a historical high level, but also aligns with 0.618 fibonaccie retracting levels and a bullish order block remains on previous candle structures. This combination of support levels creates a high-conference zone where the price can create a lower pattern and resumes upward movement.
From a structural point of view, the current pulsalback is still healthy in the context of an overall market. A rotation in a high-timframe support does not invaluate up, until the field hold and the price eventually makes a high low. This will support the story of continuous power and offer a possible setup for a new leg.
$ 227 should support on hold and bounce meters, the reverse target is high-timmframe resistance at $ 390. This will represent a complete bullying rotation from support in the next major area of support and maintain a tendency to high and higher changes.
What is expected in the upcoming price action
The price of Aave is like heading the support area of $ 227 after losing the POC. If he holds the level, there is a possibility of a rapid reversal, targeting $ 316 and powerful $ 390. However, the failure to keep $ 227 will compromise the structure and open the door to Deepor.
