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AAVE in Focus on the Downside
Recent breaches of micro-support levels indicate further downward momentum. My expectation: Wave c of Wave 2 could break through the $117 mark. Why this specific level? Simply put – it exactly matches the 100% extension target and is the classic target for such a correction.
The Elliott Wave theory shows a textbook scenario here. Those who follow the movements can clearly see the structure. The downward pressure is increasing, and the technical levels are being broken one after the other. It will be interesting to see how quickly or slowly this decline unfolds – that will be crucial for timing.