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Elliott Wave Analysis TradingLounge Daily Chart, 22 March 2023.

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 I of Motive

Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).

Wave Cancel invalid Level: 50.173

AAVE Token/U.S. Dollar (AAVEUSD) Trading Strategy: AAVE resumed the upward trend in wave ((3)) with a possibility of reaching the 161.8 level of wave ((1)) at 138.122. In addition, if the price rises above the MA200 line, it indicates a continued upward trend. Continuously in waves ((3))

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 bullish

Analyst: Kittiampon Somboonsod, CEWA

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

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 I of Motive

Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).

Wave Cancel invalid Level: 65.0319

AAVE Token/U.S. Dollar (AAVEUSD) Trading Strategy: AAVE resumed the upward trend in wave (3) with a chance to reach the 161.8 level of wave (1) at 98.9. In addition, the price has risen above the MA200 line, indicating a continued upward trend in wave (3).

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.

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