Elliott Wave Analysis TradingLounge Daily Chart, 22 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: AAVE has entered a period of correction. From a continuous increase from the 50.391 level, it ended at the 110.113 level with a five-wave pattern. Therefore, we forecast a correction in a three-wave abc pattern, with wave 2 likely to test wave 1's 61.8% level at 71.177.
AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 22 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: AAVE has entered a period of correction. From a continuous increase from the 50.391 level, it ended at the 110.113 level with a five-wave pattern. Therefore, we forecast a correction in a three-wave abc pattern, with wave 2 likely to test wave 1's 61.8% level at 71.177.
AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bearish Momentum.
