28Nov

AAVE / U.S. dollar(AAVEUSD) Elliott Wave Technical Analysis 28 November 23

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 get trial here!

AAVEUSD-Day-Crypto-C...

 

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.

AAVEUSD-4Hr-Crypto-C...

Related

GBPUSD Elliott Wave Analysis: Current Trends, Bullish Transition, Invalidation Levels, and Actionable Trading Insights

GBPUSD Elliott Wave Analysis: Current Trends, Bullish Transition, Invalidation Levels, and Actionable Trading Insights

GBPUSD using Elliott Wave principles, featuring insights into current wave structures, invalidation ...

Read More >
JHX Elliott Wave Forecast: James Hardie Industries PLC Stock Analysis & ASX:JHX Price Analysis with Our Latest Technical Outlook

JHX Elliott Wave Forecast: James Hardie Industries PLC Stock Analysis & ASX:JHX Price Analysis with Our Latest Technical Outlook

Our Elliott Wave forecast for JAMES HARDIE INDUSTRIES PLC (JHX) identifies key price movements and t...

Read More >
Russell 2000 Elliott Wave Analysis Forecasts Bullish Trend, Offering Trading Strategies, Predictions, and Key Investment Opportunities

Russell 2000 Elliott Wave Analysis Forecasts Bullish Trend, Offering Trading Strategies, Predictions, and Key Investment Opportunities

Discover Russell 2000 Elliott Wave analysis covering forecast trends, trading strategies, daily and ...

Read More >
Exxon Mobil Corp.(XOM:NYSE) Elliott Wave Technical Analysis 17 October 23

Exxon Mobil Corp.(XOM:NYSE) Elliott Wave Technical Analysis 17 October 23

Exxon Mobil Corp.(XOM:NYSE) Elliott Wave Technical Analysis 17 October 23. TradingLounge Analyst ant...

Read More >
The Home Depot (HD) Stocks Elliott Wave Technical Analysis: Bearish Trend and Trading Opportunities

The Home Depot (HD) Stocks Elliott Wave Technical Analysis: Bearish Trend and Trading Opportunities

Discover the latest Elliott Wave analysis for The Home Depot (HD), highlighting bearish trends and t...

Read More >
Silver XAGUSD Commodity Elliott Wave Analysis: Forecasting Price Movements and Trading Opportunities in 2024

Silver XAGUSD Commodity Elliott Wave Analysis: Forecasting Price Movements and Trading Opportunities in 2024

Elliott Wave analysis of Silver, focusing on its market trends starting from early 2024. We discuss ...

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