Elliott Wave Analysis TradingLounge Daily Chart, 18 September 23, 

AAVE/U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: Wave E of Triangle

Wave Cancel invalid Level: 

Details: the Movement within Triangle wave E equal 61.8% of wave C at 72.753

AAVE/U.S. dollar(AAVEUSD)Trading Strategy: AAVE overview is still in a downtrend due to the price below the MA200 Line, which is a movement within the triangle so when a triangle is complete the price will decline again, Which an increase is just a short-term

AAVE/U.S. dollar(AAVEUSD)Technical Indicators: The price is a below the MA200 indicating a downtrend, RSI is a Bullish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
 

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 18 September 23,  

AAVE/U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: Wave E of Triangle

Wave Cancel invalid Level: 

Details: the Movement within Triangle wave E equal 61.8% of wave C at 72.753

AAVE/U.S. dollar(AAVEUSD)Trading Strategy: AAVE overview is still in a downtrend due to the price below the MA200 Line, which is a movement within the triangle so when a triangle is complete the price will decline again, Which an increase is just a short-term.

AAVE/U.S. dollar(AAVEUSD)Technical Indicators: The price is a above the MA200 indicating an Uptrend, RSI is a Overbought.
 

(Click on image to enlarge)

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