$AEVO
At the moment, the price has formed a “descending parallel channel” pattern. Typically, prices eventually break out upwards from such formations. We have just seen this breakout locally, but it’s too early to say anything definitive. Ideally, we would like to see a retest of the resistance, followed by further upward movement towards the indicated targets. It is also possible that the price could return to the structure to gather liquidity before rising again. In any case, everything now hinges on the retest of the resistance. A retest followed by steady upward movement will signal further growth.