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Elliott Wave Analysis TradingLounge Daily Chart, 22 February 2023. 

AAVE Token / U.S. Dollar (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: Wave ((2)) of Motive

Details: Wave (5) tends to end. This idea will be confirmed when the price goes below 73.759.

Wave Cancel invalid Level: 50.173

AAVE Token / U.S. Dollar (AAVEUSD) Trading Strategy: AAVE Token tends to correct in wave((2)) after wave((1)) is likely to end at the level of 95.436 after the internal sub-wave of wave((1)) completes five more waves. Both the RSI and the Wave Oscillator signaling a bearish divergence support this idea. Watch out for reversals in waves ((2)).

AAVE Token / U.S. Dollar (AAVEUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend. The wave oscillators above Zero-Line momentum are bullish.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 22 February 2023.  

AAVE Token / U.S. Dollar (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: Wave ((2)) of Motive

Details: Wave (5) tends to end. This idea will be confirmed when the price goes below 73.759.

Wave Cancel invalid Level: 95.43

AAVE Token / U.S. Dollar (AAVEUSD) Trading Strategy: AAVE Token tends to correct in wave((2)) after wave((1)) is likely to end at the level of 95.436 after the internal sub-wave of wave((1)) completes five more waves. Both the RSI and the Wave Oscillator signaling a bearish divergence support this idea. Watch out for reversals in waves ((2)).

AAVE Token / U.S. Dollar (AAVEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators below Zero-Line momentum are Bearish.

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