Technical analysis by Maddox_Metrics about Symbol AAVE on 7/15/2025

AAVE continues to grind higher poking above the swing high which was rejected to test the weekly pivot and .382 Fibonacci retracement as support successfully. This was a shallow wave 2 so I am expecting a big thrust up in wave 3. However, the alternative count could suggest a wave is only completing now with wave 2 actually being wave (4) of 1, this would be the case if price falls back below $171. Weekly RSI is still bullish with plenty of room to rise ahead of it. It printed a weekly bullish divergence at the wave II low and major support high volume node. AAVE is definitely one too watch this cycle. Safe trading