Aave remains in a strong accumulative phase ranging between a vast range between $294-$460, considering the strong gains AAVE has had over the last 1 year+ it is expected that we see a long accumulative phase before we can push again as the asset needs to correct in time to build the momentum to move higher. As seen in chart we are currently sitting above the accumulation range earlier mentioned; closing above this range on 4hr-1d time frame may send us into the next impulse towards $900+. Additionally, of note is the ~3.618 fib extension sitting at $597 which was the previous top where we found strong resistance; clearing this level would also be a good indication of a large move higher. Looking at the long term count since trend has started we still have yet to complete a MINOR 5th WAVE and given the duration of the consolidation (78 days – 11 weeks 1d) we can expect a potential extended move towards $1000 plus.
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