Ichimoku Analysis (4 hour chart)
Tenken-Sen- $114.44
Kijun-Sen- $113.82
AAVEUSD was one of the best performers today.
Any daily close above $135 confirms further bullishness.
AAVEUSD was the best performer for the past two days and surged more than 25% after breaking significant resistance of $118. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $129.80 and is currently trading around $121.
The bullish invalidation can happen if the pair closes below $78. On the lower side, the near-term support is $108. Any break below targets $88/$78. Significant downtrend if it breaks $50.
The immediate resistance stands at around $130. Any breach above confirms a minor pullback. A jump to $160/$183 is possible. A surge past $83 will take BSV to $173.
It is good to buy on dips around $100 with SL around $87 for TP of $100.
