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Elliott Wave Analysis TradingLounge Daily Chart, 8 February 24,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next higher Degrees: Wave II of Impulse

Wave Cancel invalid Level: 47.34

Details: Wave II is near trend to complete and the Five-wave increase will support the idea.

AAVE / U.S. dollar(AAVEUSD)Trading Strategy:

AAVE's correction is nearing completion from the last move in Wave C, with key support at 79.2910. We are looking at a five-wave rally.to confirm termination.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: TradingLounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 8 February 24,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next higher Degrees: Wave II of Impulse

Wave Cancel invalid Level: 47.34

Details: Wave II is near trend to complete and the Five-wave increase will support the idea

AAVE / U.S. dollar(AAVEUSD)Trading Strategy:

AAVE's correction is nearing completion from the last move in Wave C, with key support at 79.2910. We are looking at a five-wave rally. to confirm termination.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.

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