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

Elliott Wave Analysis on ASX Stock RIO Tinto (RIO) Provides Investors with a Detailed Look at Current Trends and Trading Strategies

Elliott Wave Analysis on ASX Stock RIO Tinto (RIO) Provides Investors with a Detailed Look at Current Trends and Trading Strategies

Our comprehensive Elliott Wave analysis on ASX: RIO Tinto (RIO) provides investors with a detailed l...

Read More >
Explore the ASX Trading Success: REECE LIMITED – REH Stock Analysis & Elliott Wave Technical Forecast

Explore the ASX Trading Success: REECE LIMITED – REH Stock Analysis & Elliott Wave Technical Forecast

Explore the potential future movements of Reece Limited (REH) on the ASX through detailed Elliott Wa...

Read More >
Copper Elliott Wave Analysis: Technical Forecast with Bullish Outlook, Support Levels & Market Trends for Smart Trading Strategy

Copper Elliott Wave Analysis: Technical Forecast with Bullish Outlook, Support Levels & Market Trends for Smart Trading Strategy

This analysis provides a Copper Elliott Wave forecast with detailed technical insights, market trend...

Read More >
Offering a Complete AAVE/USD Trading Insights: AAVEUSD Elliott Wave Technical Analysis and Current Market Trends

Offering a Complete AAVE/USD Trading Insights: AAVEUSD Elliott Wave Technical Analysis and Current Market Trends

This article provides a comprehensive Elliott Wave analysis of AAVEUSD, covering current market tren...

Read More >
Forex Market Forecasts for AUDJPY Elliott Wave Analysis: Trading Strategy with the Australian Dollar to Japanese Yen pair

Forex Market Forecasts for AUDJPY Elliott Wave Analysis: Trading Strategy with the Australian Dollar to Japanese Yen pair

Discover detailed AUDJPY Elliott Wave Analysis for both daily and 4-hour charts, highlighting the on...

Read More >
GBPAUD Elliott Wave Technical Analysis: Corrective Wave 2, Retracement Dynamics, Invalidation Levels, and Trading Strategies Explained

GBPAUD Elliott Wave Technical Analysis: Corrective Wave 2, Retracement Dynamics, Invalidation Levels, and Trading Strategies Explained

Unlock expert insights into GBPAUD Elliott Wave analysis, focusing on corrective wave 2 within the l...

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