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Elliott Wave Analysis TradingLounge Daily Chart

AAVE/ U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (III) of Impulse

Wave Cancel invalid Level: 125.280

Details: The five-wave likely goes up to test 482 Level

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy :
Overview remains in an uptrend with an impulsive rally. We are currently in the fifth wave, which is incomplete, so the price is likely to continue rising. Watch for a rebound within the uptrend.

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

Elliott Wave Analysis TradingLounge 4hr Chart

AAVE/ U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave III of Impulse

Wave Cancel invalid Level: 125.280

Details: The five-wave likely goes up to test 325 Level

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:
Overview remains in an uptrend with an impulsive rally. We are currently in the fifth wave, which is incomplete, so the price is likely to continue rising. Watch for a rebound within the uptrend.

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

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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