18Apr

AAVEUSD Elliott Wave Analysis Shows Bullish Breakout Potential After 5-Wave Decline – Key Trading Strategy and Forecast Explained

AAVE / U.S. Dollar (AAVEUSD) Elliott Wave Analysis – TradingLounge Daily Chart

AAVEUSD – Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next Higher Degrees:

Wave Cancel Invalid Level:

AAVE / U.S. Dollar (AAVEUSD) – Daily Elliott Wave Forecast & Strategy

AAVE is exhibiting a textbook Elliott Wave impulsive pattern, having completed a full five-wave decline. The market recently found support near the $114 level and has initiated a recovery phase. A decisive breakout above the descending trendline and sustained move beyond the resistance zone at $168–$180 could signal a potential bullish reversal and the start of a new uptrend.

Trading Strategies:

Strategy

Swing Traders (Short-Term):
• Wait for a confirmed breakout above the descending trendline to validate bullish continuation.

Risk Management:
• Place Stop Loss just below $121.96 to manage downside risk.

AAVEUSD-4H-Crypto-Ch...


AAVE / U.S. Dollar (AAVEUSD) Elliott Wave Analysis – TradingLounge H4 Chart

AAVEUSD – Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next Higher Degrees:

Wave Cancel Invalid Level:

AAVE / U.S. Dollar (AAVEUSD) – H4 Elliott Wave Forecast & Trade Plan

AAVE has completed a bearish five-wave structure based on Elliott Wave Theory and is now showing early signs of a trend reversal. After bottoming out near $114, the asset is attempting to recover. A break above the $168–$180 resistance range, while maintaining price action above the declining channel, would reinforce the bullish outlook for medium-term gains.

Trading Strategies:

Strategy

✅ Swing Traders (Short-Term):
• Watch for a confirmed breakout above the trendline for bullish entry opportunities.

Risk Management:
• Suggested Stop Loss placement is below $121.96.

Technical Analyst: Kittiampon Somboonsod, CEWA

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

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