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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 ((2)) of Impulse

Wave Cancel invalid Level: 81.238

Details: Wave ((2)) maybe is complete and the price increase in wave ((3))

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:

Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction and the price will rise again during the third wave. Consider the opportunity for bullish trading.

AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart,

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 ((2)) of Impulse

Wave Cancel invalid Level: 81.238

Details: Wave ((2)) maybe is complete and the price increase in wave ((3))

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:

Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction and the price will rise again during the third wave. Consider the opportunity for bullish trading.

AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

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