Elliott Wave Technical Analysis: AAVE Crypto Price News For Thursday, Nov 28
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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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