Elliott Wave Technical Analysis: AAVE / U.S. Dollar

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Jan 24, 2023 at 7:17 AM EST

AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming.

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AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave ((1)) of Motive

Details: Wave(3) may end at 91.31 the price move to wave (4) before increasing again in wave (5)

Wave Cancel invalid Level: 51.089

AAVE /U.S. Dollar(AAVEUSD) Trading Strategy: AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming. Elliottwave structure is in the correction of wave 4, the short term still has a slight increase in size. before the price rests again.

AAVE /U.S. Dollar (AAVEUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum

Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 24 January 23,

AAVE /U.S.Dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 4

Direction Next higher Degrees: Wave 4 of Motive

Details: Wave 4 tends to extend sideways. But should not fall back below 67.29

Wave Cancel invalid Level: 67.29

AAVE /U.S. Dollar(AAVEUSD) Trading Strategy: AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming. Elliottwave structure is in the correction of wave 4, the short term still has a slight increase in size. before the price rests again

AAVE /U.S. Dollar(AAVEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.

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