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Elliott Wave Analysis TradingLounge Daily Chart, 28 November 23,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

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

Wave Cancel invalid Level: 50.391

Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177

AAVE / U.S. dollar(AAVEUSD)Trading Strategy: The rise in Wave 1 appears to have ended at 110.11 and prices are entering a correction period in Wave 2. We expect the price to test the MA200 line or the 61.8% level of Wave 1 before rising again in wave 3.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 28 November 23,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

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

Wave Cancel invalid Level: 50.391

Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177

AAVE / U.S. dollar(AAVEUSD)Trading Strategy: The rise in Wave 1 appears to have ended at 110.11 and prices are entering a correction period in Wave 2. We expect the price to test the MA200 line or the 61.8% level of Wave 1 before rising again in wave 3.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bearish Momentum.

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