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AAVE Elliott Wave technical analysis [Video]

AAVE Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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 492 Level.

AAVE/ US Dollar (AAVEUSD) Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

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

AAVE

AAVE/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Double corrective.

Position: Wave (Y).

Direction next higher degrees: Wave ((2)) of Impulse.

Wave cancel invalid level: 125.280.

Details: The corrective of Wave ((2)) before increase again in Wave ((3)).

AAVE/ US Dollar (AAVEUSD) Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

AAVE/ US Dollar (AAVEUSD) 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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