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Is AaveUSDT Primed for a Breakout or Another Dip?
2024-08-12T08:03:51+00:00
Hello, Paradisers,
Prepare for the next significant move in AaveUSDT! Currently, the pair is forming a classic falling wedge pattern, known for its breakout potential. The trendline has been tested multiple times, suggesting a decisive move may be imminent.
AaveUSDT is likely to break out, with minor resistance expected around $96.37. Should the volume be strong, the next resistance levels are at $101.59 and $107.28.
On the 4-hour chart, AaveUSDT has established a Fair Value Gap (FVG), aligning with a bullish Order Block (OB) at $84.67-$81.11. This OB is notably strong due to the adjacent FVG, which often heightens its significance. There is a high probability that AaveUSDT may revisit this zone before any major move upwards.
However, if AaveUSDT closes below the OB on the 4-hour chart, this bullish outlook could be compromised, indicating a potential shift in trend.
Stay vigilant, Paradisers. These upcoming moves could present excellent trading opportunities. Remember to manage your risks; discipline and patience are crucial for successful trading. Let's continue making the most of these setups.
MyCryptoParadise
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