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AAVE analysis and Elliott Wave technical forecast [Video]

AAVE analysis and Elliott Wave technical forecast [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart,

AAVE/U.S. dollar(AAVEUSD)

AAVE/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave C.

Direction Next higher Degrees: Wave ((2)) of Impulse.

Wave Cancel invalid Level: 81.238.

Details: Wave ((2)) maybe is complete and the price increase in wave ((3)).

AAVE/USD trading strategy

Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction. And the price will rise again during the third wave. Consider the opportunity for bullish trading.

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

Chart

Elliott Wave Analysis TradingLounge 4H Chart,

AAVE/ U.S. dollar(AAVEUSD).

AAVE/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave C.

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

Wave cancel invalid level: 81.238.

Details: Wave ((2)) maybe is complete and the price increase in wave ((3)).

AAVE/USD trading strategy

Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction. And the price will rise again during the third wave. Consider the opportunity for bullish trading.

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

Chart

AAVE/USD 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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