Elliott Wave Analysis TradingLounge Daily Chart, 18 January 24,
AAVE / U.S. dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next higher Degrees: Wave II of Impulse
Wave Cancel invalid Level: 47.34
Details: Wave II is equal to 61.8% of Wave I at 79.29
AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE's rise appears to have ended at the 1239.956 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.
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, 18 January 24,
AAVE / U.S. dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next higher Degrees: Wave II of Impulse
Wave Cancel invalid Level: 47.34
Details: Wave II is equal to 61.8% of Wave I at 79.29
AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE's rise appears to have ended at the 1239.956 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.
AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.
