AAVE/USD Elliott Wave Technical Analysis, Monday Feb. 6

AAVE /U.S.dollar Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliott Wave structure is in a correction of wave (2) as a short-term decline before the price rises again.

AAVEUSD Elliott Wave Technical Analysis

  • Function: Counter trend
  • Mode: Motive
  • Structure: Impulse
  • Position: Wave ((2))
  • Direction Next higher Degrees: Wave III of Motive
  • Wave Cancel invalid Level: 50.173

AAVE/USD Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish

 

Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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