Technical analysis by Maddox_Metrics about Symbol AAVE on 6/23/2025

AAVE is looking stronger than most for now. Local analysis has broken the bullish market structure on what appears to be a textbook Elliot Wave 1.Price is testing quadruple support: Daily 200EMA, daily pivot, major support High Volume Node (HVN) and the 0.382-0.5 Fib retracements. This should be a tough nut to crack (as long as BTC doesn't dump hard).Wave 2 retracement's are usually deep and come with a strong fear. It is where most retail investors capitulate only to find price turns around and continues bullishly without them in a aggressive wave 3.Analysis is invalidated below $111, so quite a ways off yet.If war escalation continue, irrational investor behaviour will likely break this technical analysis.Safe trading.