AAVEUSD Elliott Wave Analysis – TradingLounge Daily Chart

AAVE/USD (AAVEUSD) Daily Chart Analysis

AAVEUSD Elliott Wave Technical Analysis

Function: Trend Continuation

Mode: Motive

Structure: Impulse

Wave Position: Wave V

Next Higher Degree Direction: Pending

Invalidation Level for Wave Structure: Not specified

AAVE/USD Trading Strategy Overview:

AAVE price action has completed a major five-wave decline from the 2024 high, suggesting a potential bullish reversal. The price appears to be rebounding from the post-triangle thrust zone near 121.96, a level that aligns with the classic measured move target following an impulsive Elliott Wave sequence.

Wave V Low Point: Approximately 121.96

Key Resistance Zone: Descending trendline from Wave II to Wave IV

Critical Bullish Threshold: 180.00

Trading Strategies

Strategy Overview

✅ For Swing Traders (Short-Term):
Monitor for a five-wave upward impulse to confirm the trend reversal and validate a long trade setup.

Risk Management Guidelines
A decline below 114.180 could negate the current Elliott Wave count and require reassessment.

AAVEUSD Elliott Wave Analysis – TradingLounge H4 Chart

AAVE/USD (AAVEUSD) 4-Hour Chart Analysis

AAVEUSD – Elliott Wave Technical Analysis

Function: Trend Continuation

Mode: Motive

Structure: Impulse

Wave Position: Wave V

Next Higher Degree Direction: Pending

Invalidation Level for Wave Structure: Not specified

AAVE/USD Trading Strategy Overview:
AAVE's extended downtrend from late 2024 seems to have finalized with the completion of Wave V near 121.96. A bullish recovery is forming from this critical level, corresponding with the expected target from the prior Elliott Wave sequence.

Wave V Low Point: Near 121.96

Primary Resistance Area: Trendline linking Wave II and Wave IV

Major Bullish Resistance Level: 180.00

AAVE/USD Trading Strategies

Strategy Overview

✅ For Swing Traders (Short-Term):
Watch for a clear five-wave upward pattern to validate the start of a new bullish cycle.

Risk Management Guidelines
A move below 114.180 may invalidate the current Elliott Wave setup.

Technical Analyst: Kittiampon Somboonsod, CEWA

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