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Elliott Wave Analysis TradingLounge Daily Chart, 28 April 2023.  
AAVE Token/U.S. Dollar(AAVEUSD)
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: AAVE is still at risk of further decline. As the structure of the corrective wave within the second wave is not yet completed, one more decline remains in wave (y), there is important support at the level of 59.789. Wait for the second wave 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.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 27 April 2023.
AAVE Token/U.S. Dollar(AAVEUSD)
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: AAVE is still at risk of further decline. As the structure of the corrective wave within the second wave is not yet completed, one more decline remains in wave (y), there is important support at the level of 59.789. Wait for the second wave 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 above Zero-Line momentum are bullis.

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