Technical analysis by hazaq about Symbol AAVE on 12/26/2024

AAVE has made a cross on LSMA indicator, with the 20-day moving average (MA) crossing under the 400-day MA—signaling bear momentum. Additionally, a wave pattern appears to be unfolding, with the price now aiming to complete the 4th wave in the $345–$335 range before potentially entering its final wave.Traders should exercise caution and closely monitor the $345–$335 zone for signs of consolidation or further downside (which may truncate a continuation).Follow for more market insights and technical analyses. NFA: This is not financial advice—always do your own research and manage your risk effectively.The trade remains active, but the initial idea has been truncated, prompting a new outlook. AAVE now appears to be entering a phase of continued accumulation at this zone. A confirmed support level at $318 will be critical before anticipating a push toward the $400 zone.