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AAVE/ U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next higher Degrees:

Wave Cancel invalid Level:

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

Details: The ongoing corrective phase (Wave IV) is respecting the parallel trend channel. A breakout above the $349 bullish level confirms the start of Wave V, leading the price higher. Traders should watch for:

Trading strategies

* Buy Strategy (Long Position):

   * Wait for a price pullback to look for an opportunity to join the uptrend.

* Risk Management:

   * W.C. Invalid: 192.993 (support level that if price breaks below, this Elliott Wave structure will be incomplete)

AAVE/ U.S. dollar(AAVEUSD)

ADAUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

position: Wave ((Y))

Direction Next higher Degrees: 

Wave Cancel invalid level:

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

Details: The ongoing corrective phase (Wave IV) is respecting the parallel trend channel. A breakout above the $349 bullish level confirms the start of Wave V, leading the price higher. Traders should watch for:

Trading strategies

* Buy Strategy (Long Position):

   * Wait for a price pullback to look for an opportunity to join the uptrend.

* Risk Management:

   * W.C. Invalid: 192.993 (support level that if price breaks below, this Elliott Wave structure will be incomplete)

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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