AAVE/USD (AAVEUSD) Elliott Wave Analysis TradingLounge Daily Chart
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 suggests a potential rise toward the 482 level.
AAVE/USD (AAVEUSD) Trading Strategy
The overall outlook remains bullish. The current impulsive rally places us in the fifth wave, which is not yet complete. This indicates that the price is likely to continue its upward movement. Traders should watch for a rebound within the ongoing uptrend.
AAVE/USD (AAVEUSD) Technical Indicators
- The price is trading above the MA200, confirming an uptrend.
- The Wave Oscillator signals strong bullish momentum.
AAVE/USD (AAVEUSD) Elliott Wave Analysis TradingLounge 4-Hour Chart
AAVEUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next Higher Degrees: Wave III of Impulse
Wave Cancel Invalid Level: 125.280
Details:
The ongoing five-wave structure indicates a potential target around the 325 level.
AAVE/USD (AAVEUSD) Trading Strategy
The uptrend remains intact with a clear impulsive rally. The current fifth wave is incomplete, suggesting further price increases. Traders should focus on opportunities to capitalize on rebounds within the uptrend.
AAVE/USD (AAVEUSD) Technical Indicators
- The price is above the MA200, signifying an uptrend.
- The Wave Oscillator continues to reflect strong bullish momentum.
Technical Analyst: Kittiampon Somboonsod
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