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AAVE Elliott Wave technical analysis [Video]

AAVE/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (4).

Direction next higher degrees: Wave I of Impulse.

Wave cancel invalid level: 81.238.

Details: The Corrective of Wave (4) before the Increase in Wave (5).

AAVE/ U.S. dollar (AAVE/USD) Trading Strategy: The fourth wave correction before another increase in the fifth wave, which tends to extend sideways with a Triangle pattern, so the overall picture is a short-term correction before another increase.

AAVE/ U.S. dollar (AAVE/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

AAVE

AAVE/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (4).

Direction next higher degrees: Wave I of Impulse.

Wave cancel invalid level: 81.238.

Details: The Corrective of Wave (4) before the Increase in Wave (5).

AAVE/ U.S. dollar (AAVEUSD) Trading Strategy: The fourth wave correction before another increase in the fifth wave, which tends to extend sideways with a Triangle pattern, so the overall picture is a short-term correction before another increase.

AAVE/ U.S. dollar (AAVEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

Chart

AAVE Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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