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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 492 Level

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:
The correction in wave 2 seems to be over, so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. We are looking for a re-entry into the trend.

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 492 Level.

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:
The correction in wave 2 seems to be over, so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. We are looking for a re-entry into the trend.

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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