$AERO


AERO/USD MONTHLY Technical Analysis
AERO/USD is showing signs of accumulation after completing a prolonged corrective structure near the $0.16–$0.20 support zone. Price has established a local base and is attempting to reclaim the $0.35–$0.55 resistance range, which remains the key breakout area for bullish continuation.
The chart suggests a completed Elliott Wave correction with Wave (5) ending near the recent lows. If buyers maintain control above support, the next upside targets lie within Supply Zone 1 ($1.32–$1.57), followed by Supply Zone 2 ($1.93–$2.13). A successful breakout and sustained momentum could eventually drive price toward Supply Zone 3 ($3.20–$3.42).
However, one final liquidity sweep toward the lower support region remains possible before a larger impulsive move develops. We should monitor volume and price action around the current resistance band, as a decisive weekly close above $0.55 would strengthen the bullish outlook considerably.
Note : No MACD in the Monthly Timeframe
AERO-7.38%
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