Market & Ticker: AAVE - AAVE/USDC

Date: 9/12/2024 
 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 

Scenario:  

Last update, November 2024 : In february & September AAVE reached the expecting target 1 at 158.00 before surpassing the level with a strong momentum - Since AAVE break above the intermediate flag this week the door for 210 and 300 is now open 
 
Today after having reached 300 target a pause in sideways can’t be ignoreed. 
 
At current price we adjust the Tactical support is adjusted at 210 to anticipate a pause in sideways in wave 4 before a new bullish phase towards 350 and 580 

Technical Key Elements: 
- RSI indicator is positive but at resistance 
- The Moving average are support at 210 
- Fibonacci key support is adjusted at 210 while the Elliot wave shows upside potential towards 350 and 580 

 
Trade Idea conclusion:  Buy  

Strategic Target : 580 

Tactical Target: 350 

Stop: 210 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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