20Nov

Analyze AAVEUSD with Detailed Elliott Wave Analysis Focusing on bullish trends, price predictions, and strategic trading insights

AAVEUSD Elliott Wave Analysis | TradingLounge Day Chart

AAVE/USD (AAVEUSD) Chart Analysis

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction (Next Higher Degrees): Wave (III) of Impulse

Wave Cancel Invalid Level: 125.280

Details: The five-wave structure is likely to rise further, testing the 492 level.

AAVE/USD Trading Strategy

  • The correction in Wave 2 appears to have concluded, paving the way for a five-wave rally in Wave 3.

  • Price action maintains an uptrend, prompting a focus on re-entering the trend as opportunities arise.

AAVE/USD Technical Indicators

  • Moving Average: The price is positioned above the MA200, signaling a sustained uptrend.

  • Wave Oscillator: Indicates strong bullish momentum, supporting further upward movement.

AAVEUSD-1D-Crypto-Ch...


AAVE/USD (AAVEUSD) 4-Hour Chart

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction (Next Higher Degrees): Wave ((2)) of Impulse

Wave Cancel Invalid Level: 125.280

Details: The current corrective structure of Wave ((2)) is anticipated to complete before transitioning into an upward Wave ((3)).

AAVE/USD Trading Strategy

  • The corrective phase in Wave 2 is likely over, shifting focus to the potential five-wave rally of Wave 3.

  • Price action remains aligned with the broader uptrend, offering strategic re-entry points to capitalize on the bullish momentum.

AAVE/USD Technical Indicators

  • Moving Average: The price remains above the MA200, affirming an ongoing uptrend.

  • Wave Oscillator: Signals bullish momentum, reinforcing the likelihood of further price increases.

Technical Analyst: Malik Awais

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

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