AAVE Elliott Wave technical analysis [Video]
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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/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 Elliott Wave technical analysis [Video]
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
