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!
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.
