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 Cancel Invalid Level: —

AAVE / U.S. Dollar (AAVEUSD) – Trading Strategy:

AAVE continues to move downward, aligned with the Elliott Wave structure. The asset is currently in a wave IV retracement, likely preceding a potential wave V decline. This point could offer opportunity for traders looking for reversal entries or continued short positions. Wave III completed at 160.51; now retracing in wave IV, expected to reverse soon.

Fibonacci retracement targets:

23.6% at 196.35

38.2% at 222.78

Trading Strategies

Strategy

Short-Term Traders (Swing Trade)

If the price hits the upper Fibonacci zone and then starts declining, it signals a potential entry for wave V, which may fall below 150 or near 120.

Risk Management

If price surpasses 289.00, the current Elliott Wave count becomes invalid and should be reassessed.

Elliott Wave Analysis – TradingLounge H4 Chart,

AAVE / U.S. Dollar (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave II

Direction Next Higher Degrees: —

Wave Cancel Invalid Level: —

AAVE / U.S. Dollar (AAVEUSD) – Trading Strategy:

AAVE remains in a downward move based on the Elliott Wave count, now entering a wave IV retracement ahead of a possible wave V drop. This retracement could be significant for bottom seekers or those eyeing another short setup. Wave III finalized at 160.51, followed by a retracement phase likely to reverse.

Fibonacci retracement targets:

23.6% at 196.35

38.2% at 222.78

Trading Strategies

Strategy

Short-Term Traders (Swing Trade)

When price nears the Fibonacci ceiling and turns downward, it could lead to wave V testing sub-150 or near 120.

Risk Management

A breakout above 289.00 invalidates the current wave structure and requires re-evaluation.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

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