22Nov

AAVE / U.S. dollar(AAVEUSD) Elliott Wave Technical Analysis 22 November 23

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!

AAVEUSD-Day-Crypto-C...


 

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.

AAVEUSD-4Hr-Crypto-C...

Related

Wheat's price dynamics and trajectory projections: Commodities Wheat Elliott Wave Technical Analysis

Wheat's price dynamics and trajectory projections: Commodities Wheat Elliott Wave Technical Analysis

​​​​​​​Emphasizing Wheat's Elliott Wave Analysis aids in deciphering prevailing market tr...

Read More >
Corn Elliott Wave Analysis and Price Forecast: Bearish Trend, Technical Chart Patterns, and Long-Term Market Outlook Explained

Corn Elliott Wave Analysis and Price Forecast: Bearish Trend, Technical Chart Patterns, and Long-Term Market Outlook Explained

Corn Elliott Wave Analysis discusses the ongoing bearish trend from April 2022, the corrective bounc...

Read More >
Alphabet Inc. (GOOGL) Elliott Wave Analysis: Stock Forecast, Price Trends, and Investment Strategies for Better Trading Decisions

Alphabet Inc. (GOOGL) Elliott Wave Analysis: Stock Forecast, Price Trends, and Investment Strategies for Better Trading Decisions

Elliott Wave analysis of Alphabet Inc. (GOOGL), highlighting stock forecasts, potential resistance l...

Read More >
SBI LIFE INSURANCE CO. Stock Elliott Wave Technical Analysis: In-Depth Stock Forecast and Market Trends

SBI LIFE INSURANCE CO. Stock Elliott Wave Technical Analysis: In-Depth Stock Forecast and Market Trends

This analysis provides an in-depth look at SBI Life Insurance (SBILIFE) stock using Elliott Wave the...

Read More >
META's Stock Movements: Meta Platforms Inc. (META) Stocks Elliott Wave Technical Analysis

META's Stock Movements: Meta Platforms Inc. (META) Stocks Elliott Wave Technical Analysis

This article provides a detailed Elliott Wave analysis of Meta Platforms Inc. (META). It covers META...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on