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
Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here
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