aave.
My thoughts:
bottom, middle, top orange lines represent muh range
middle pink lines represent areas where we may bump head
ascending yellow area shows me that people that are selling are willing to wait for higher prices and they arent necessarily crushing the price down.
I believe we bump our head on pink, head to mid range (middle orange) and start working our way up... besides previous ATH being a likely spot to bump its head it adds confluence to a potential cup and handle formation (if you like patterns). A small rejection and then price discovery.
not financial advice
My thoughts:
bottom, middle, top orange lines represent muh range
middle pink lines represent areas where we may bump head
ascending yellow area shows me that people that are selling are willing to wait for higher prices and they arent necessarily crushing the price down.
I believe we bump our head on pink, head to mid range (middle orange) and start working our way up... besides previous ATH being a likely spot to bump its head it adds confluence to a potential cup and handle formation (if you like patterns). A small rejection and then price discovery.
not financial advice