AAVE USD May Go to Rs. 1500 If It Stays Above Rs. 100: A Trader's Personal View (Part 2)Understanding Technical AnalysisTechnical analysis is one of the most widely used approaches in financial markets. Rather than attempting to predict the future with certainty, it helps traders identify trends, support and resistance levels, momentum, and possible market scenarios based on historical price action and trading activity.A trader who believes that AAVE USD may eventually reach Rs. 1500 if it remains above Rs. 100 is expressing a conditional market view. Such a view typically
Writing AAVE USD May Go to Rs. 1500 If It Stays Above Rs. 100: A Trader's Personal View (Part 2) Understanding Technical Analysis Technical analysis is one of the most widely used approaches in financial markets. Rather than attempting to predict the future with certainty, it helps traders identify trends, support and resistance levels, momentum, and possible market scenarios based on historical price action and trading activity. A trader who believes that AAVE USD may eventually reach Rs. 1500 if it remains above Rs. 100 is expressing a conditional market view. Such a view typically depends on the price continuing to demonstrate strength instead of breaking below an important support level. However, technical analysis is never a guarantee. Markets can change direction because of unexpected news, shifts in investor sentiment, regulatory announcements, or broader economic developments. The Importance of Support and Resistance Support and resistance are two of the most fu...