AAVE Technical Analysis: Will AAVE Skyrocket to $150 Before 2022 Ends?

AAVE technical analysis displays a potentially bullish pattern ready to reclaim the $100 mark and break above the $115 supply zone. AAVE shows a bullish reversal from the $75 mark to project the possibility of an inverted head and shoulder pattern forming in the daily chart. Moreover, the bounce back from $75 beats the 50-day EMA and may shortly reclaim the $100 mark. The bullish breakout rally can reach the $150 mark accounting for a 30% but a 66% jump from the current market price. So, should you consider buying this token for under $100? Key Points: The coin price trend sustains above the 50-day EMA. However, the market price faces higher price rejection from the 100-day EMA. The intraday trading volume in AAVE is $130 million. Source – TradingView AAVE Technical Analysis The AAVE price shows a bullish reversal from the $75 support level resulting in a 15% jump last week to surpass the 50-day EMA. The reversal rally projects a potential uptrend to the overhead resistance at $115 if it breaks above the psychological mark of $100. Furthermore, the price action displays the possibility of an inverted head and shoulder pattern with a neckline at the $115 supply zone. However, the ongoing reversal rally from the $75 mark must reach the supply zone at $115 to complete this bullish pattern. Currently, the price action displays a long walk forming within the daily candle after bullish growth of 2.55% yesterday. Hence the buyers are...