Aave's Bullish Structure Sets Up Potential Targets for Traders

Aave (AAVE) has experienced a significant market shift, marked by analyst Crypto Patel as a clear bullish structure forming on the chart. This development is notable as it occurred without major fanfare or headlines.

The AAVE price currently sits at $106.65 and appears to be positioned for continuation towards upside liquidity. A higher timeframe order block near the $96 zone has been identified as a demand area where the price reacted strongly, now serving as a discounted entry zone for those who missed the initial move.

Patel's analysis highlights stacked upside liquidity at specific levels: $108, $116.50, and $125.00, with external liquidity situated at $131.98. These targets represent zones of liquidity that the AAVE price is likely to target as it continues higher. The trend has shifted from bearish to bullish, with the structure confirmed by Patel.

However, patience is still required for traders seeking to enter this setup. Patel recommends waiting for a retracement into the order block near $96 before entering towards buy side liquidity. Confirmation, either in the form of a rejection candle or a lower timeframe shift, is also necessary before taking action.