Aave price risks a 25% plunge as a classic bearish reversal pattern emerges

Aave price risks a 25% plunge as a classic bearish reversal pattern emerges

– Aave (AAVE) is showing signs of exhaustion based on early development of a classic bearish reversal pattern.

– If a sustained breakdown pans out, AAVE will fall by at least $27, which is the wedge’s maximum height.

– The bearish setup for AAVE appears in the wake of the crypto market’s ongoing strong correlation with U.S. equity markets.

– Fear of continued sell-off remains as Wall Street veterans warn about a looming recession.

 

 

Aave price risks a 25% plunge as a classic bearish reversal pattern emerges
Aave price risks a 25% plunge as a classic bearish reversal pattern emerges 3

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