AAVEUSD Elliott Wave Analysis: TradingLounge Day Chart
AAVE/USD (AAVEUSD) Day Chart Analysis
AAVEUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction (Next Higher Degree): Wave (III) of Impulse
Wave Cancel Invalid Level: 125.280
Details: The five-wave sequence is likely heading upwards to test the 482 level.
AAVE/USD Trading Strategy:
Wave (3) seems to have completed, and the price is transitioning into a corrective phase in wave (4). Traders are advised to wait for the correction to conclude before re-entering the trend.
AAVE/USD Technical Indicators:
- The price remains above the MA200, signaling an uptrend.
- The Wave Oscillator suggests strong bullish momentum.
AAVEUSD Elliott Wave Analysis: TradingLounge 4-Hour Chart
AAVE/USD (AAVEUSD) 4-Hour Chart Analysis
AAVEUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction (Next Higher Degree): Wave III of Impulse
Wave Cancel Invalid Level: 125.280
Details: The five-wave sequence will continue upward, potentially testing the 325 level.
AAVE/USD Trading Strategy:
Wave (3) appears to have concluded, with the price moving into a corrective phase as part of wave (4). It’s recommended that the correction be completed before resuming trading in the primary trend direction.
AAVE/USD Technical Indicators:
- The price is holding above the MA200, reinforcing an uptrend.
- The Wave Oscillator shows robust bullish momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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