Elliott Wave Analysis TradingLounge Daily Chart, April 24, 2023 

Aave

AAVE Token /U.S. Dollar (AAVE-X)

AAVEUSD Elliott Wave Technical Analysis

Function: Reactionary (Counter Trend)

Mode: Corrective

Structure: Double Combined

Position: Wave (Y)

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

Details: Wave ((2)) reversal has a probability of .786 x length wave((1)).

Wave Cancel invalid Level: 50.173

AAVE Token /U.S. Dollar (AAVEUSD)Trading Strategy: Retracement of wave (2) has a probability of .786 x length wave((1)) at 59.7892 before rallying again in wave (3), waiting for wave (2) to finish to join the trend again.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, April 24, 2023.

AAVE Token /U.S. Dollar (AAVEUSD)

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double Combined

Position: Wave (Y)

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

Details: Wave ((2)) reversal has a probability of .786 x length wave((1)).

Wave Cancel invalid Level: 50.173

AAVE Token /U.S. Dollar (AAVEUSD)Trading Strategy: Retracement of wave (2) has a probability of .786 x length wave((1)) at 59.7892 before rallying again in wave (3), waiting for wave (2) to finish to join the trend again.

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

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