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12/06/2024 04:23:46 GMT

AAVE Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

AAVE/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave III.

Direction next higher degrees: Wave (III) of Impulse.

Wave cancel invalid level: 125.280.

Details: The five-wave likely goes up to test 482 Level.

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Overview remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend.

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

Chart

AAVE/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((3)).

Direction Next higher Degrees: Wave III of Impulse.

Wave Cancel invalid Level: 125.280.

Details: The five-wave likely goes up to test 325 Level.

AAVE/ U.S. dollar (AAVE/USD) Trading Strategy: Overview remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend.

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

AAVE

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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