FxWirePro- AAVEUSD (Chart of the day)

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.

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