Elliott Wave Analysis TradingLounge Daily Chart, Monday, June 12

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

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave ((3)) of Motive

Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1

Wave Cancel invalid Level: 69.79

AAVE Token/U.S. Dollar (AAVEUSD)Trading Strategy: AAVE continues to remain in a downtrend. The decrease in wave 3 corresponds to the price being below the MA200 line, showing a clear downward trend. Wave 3 is usually 1.618 x wave 1 in length.

AAVE Token/U.S. Dollar (AAVEUSD)Technical Indicators: The price is below the MA200 indicating a Down trend, Wave Oscillator has a Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, Monday, June 12

AAVE Token/U.S. Dollar (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave ((3)) of Motive

Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1

Wave Cancel invalid Level: 69.79

AAVE Token/U.S. Dollar (AAVEUSD)Trading Strategy: AAVE continues to remain in a downtrend. The decrease in wave 3 corresponds to the price being below the MA200 line, showing a clear downward trend. Wave 3 is usually 1.618 x wave 1 in length.

AAVE Token/U.S. Dollar (AAVEUSD)Technical Indicators: The price is below the MA200 indicating a Down trend, Wave Oscillator has a Bullish momentum.

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