AAVE/USD Elliott Wave Analysis TradingLounge Daily Chart,

AAVE/USD Daily Chart Analysis (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Trend Following

Mode: Motive

Structure: Impulse

Position: Wave (2)

Next Higher Degree Direction: Wave III of Impulse

Wave Invalidation Level: 81.238

Details: Wave (II) appears to have concluded, with prices now likely resuming the upward trend.

AAVE/USD Trading Strategy:

The correction phase seems to be nearing its end. Consider entering the market during a short-term pullback to join the anticipated uptrend.

AAVE/USD Technical Indicators: The price is trading above the MA200, signaling an uptrend. Additionally, the Wave Oscillator shows bullish momentum.

AAVEUSD Elliott Wave Analysis TradingLounge H4 Chart,

AAVE/ U.S. dollar(AAVEUSD) 4-Hour Chart Analysis

AAVEUSD Elliott Wave Technical Analysis

Function: Trend Following

Mode: Motive

Structure: Impulse

Position: Wave (2)

Next Higher Degree Direction: Wave III of Impulse

Wave Invalidation Level: 81.238

Details: Wave (II) likely concluded, suggesting prices are resuming the uptrend.

AAVE/USD Trading Strategy:

The market remains in a correction phase. Currently, in wave (II) with a double corrective pattern, expect a short-term pullback before a rise in wave (III). Wait for the correction to finish before rejoining the uptrend.

Technical Indicators: The price is above the MA200, indicating an uptrend, with the Wave Oscillator reflecting bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

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See Previous: XRPUSD Elliott Wave Technical Analysis

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