AAVE/USD - Stairway to heaven @ $500!

4 ก.พ. 2021

AAVE is unstoppable and is accelerating with 50% gains in two days... what is going on?

We broke the channel resistance and once that happened, well, we entered parabolic territory where price had to literally run up to find sellers.

I don't see any sign to say we're done here, rather we still have a long way to go up. The yellow parabola can be a good indicator when this momentum will change (once broken). Until then... up we go.

However, be careful because once the momentum shifts to the bearish side, well, we will go down using the elevator, not the stairs. Play safe!

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