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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: 
Wave (3) appears to have ended and the price is now entering a correction phase in wave (4). So wait for the correction to complete to rejoin 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 4hrChart

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: 
Wave (3) appears to have ended and price is now entering a correction phase in wave (4). So wait for the correction to complete to rejoin 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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