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Elliott Wave Analysis – TradingLounge Daily Chart

AAVE/USD (AAVEUSD)

AAVEUSD – Elliott Wave Technical Analysis

• Function: Trend Continuation

• Mode: Motive

• Structure: Impulse

• Wave Position: Wave V

• Next Higher Degree Direction: Pending

• Invalidation Level for Wave Structure: Not specified

AAVE/USD Trading Strategy Overview:

Following a significant downtrend from late 2024, AAVE may have finalized its fifth wave in the decline. A corrective rebound appears to have started from the post-triangle thrust zone near 121.96, aligning with the measured move target after completion of waves I to V.

• Wave V Low Point: Approximately 121.96

• Key Resistance Zone: Trendline drawn from wave II to IV

• Critical Bullish Threshold: 180.00

Trading Strategies

• Strategy Overview

  • ✅ For Swing Traders (Short-Term):

    • Confirm the end of the downward movement by identifying a new five-wave structure forming in the upward direction.

• Risk Management Guidelines

  • If price falls below 114.180, the current wave count is likely invalid.

Elliott Wave Analysis – TradingLounge H4 Chart 

AAVE/USD (AAVEUSD)

AAVEUSD – Elliott Wave Technical Analysis

• Function: Trend Continuation

• Mode: Motive

• Structure: Impulse

• Wave Position: Wave V

• Next Higher Degree Direction: Pending

• Invalidation Level for Wave Structure: Not specified

AAVE/USD Trading Strategy Overview:

After a consistent decline since late 2024, AAVE may have finished its fifth and final wave. The recovery appears to begin from the post-triangle breakout level around 121.96, matching the forecasted measurement after waves I through V.

• Wave V Low Point: Near 121.96

• Primary Resistance Area: Line connecting wave II and wave IV

• Major Bullish Resistance Level: 180.00

Trading Strategies

• Strategy Overview

  • ✅ For Swing Traders (Short-Term):

    • Look for a confirming five-wave structure moving upward to validate the reversal.

• Risk Management Guidelines

  • A drop below 114.180 may invalidate the wave structure and strategy.

Analyst: Kittiampon Somboonsod, CEWA
Source: TradingLounge.com

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