Ascending Broadening Wedge on AAVEUSD 4h - a bearish signal

Sep 23

Everyone is high on hopium about AAVE rn, but the 4h chart has a signal that the end of this bull run may come soon.

Ascending Broadening Wedge pattern is a bearish pattern so I am looking to establish and add to my short position up to around 180.

This matches my sentiment that this current flurry of bullish spending is a bull trap, and I base that primarily on the Monthly BTC chart which needs to establish a close above around 68 before we can swing back to a bullish forecast.

Sep 23

Note

i said 180 but meant 190*

Sep 24

Trade active

ok making some progress here.

Sep 24

Note

around 160 will be the real test of my theory.

Sep 25

Note

ok we broke out of the pattern lets see if we can really dump hard.

Sep 30

Note

big dump incoming this week. the close/open and bearish.

Oct 2

Note

stlll riding this short to nice profit. how low will it go?