AAVEUSD Elliott Wave technical analysis [Video]

AAVEUSD Elliott Wave technical analysis

• Function: Trend Continuation.

• Mode: Motive.

• Structure: Impulse.

• Wave position: Wave V.

• Next higher degree direction: Pending.

• Invalidation level for wave structure: Not specified.

AAVE/USD trading strategy overview:

Following a significant downtrend from late 2024, AAVE may have finalized its fifth wave in the decline. A corrective rebound appears to have started from the post-triangle thrust zone near 121.96, aligning with the measured move target after completion of waves I to V.

• Wave V low point: Approximately 121.96

• Key resistance zone: Trendline drawn from wave II to IV

• Critical bullish threshold: 180.00

Trading strategies

• Strategy overview

  • For swing traders (Short-term):

    • Confirm the end of the downward movement by identifying a new five-wave structure forming in the upward direction.

• Risk management guidelines

  • If price falls below 114.180, the current wave count is likely invalid.

AAVEUSD Elliott Wave technical analysis

• Function: Trend Continuation.

• Mode: Motive.

• Structure: Impulse.

• Wave position: Wave V.

• Next higher degree direction: Pending.

• Invalidation level for wave structure: Not specified.

AAVE/USD trading strategy overview:

After a consistent decline since late 2024, AAVE may have finished its fifth and final wave. The recovery appears to begin from the post-triangle breakout level around 121.96, matching the forecasted measurement after waves I through V.

• Wave V low point: Near 121.96

• Primary resistance area: Line connecting wave II and wave IV

• Major bullish resistance level: 180.00

Trading strategies

• Strategy overview

  • For swing traders (Short-term):

    • Look for a confirming five-wave structure moving upward to validate the reversal.

• Risk management guidelines

  • A drop below 114.180 may invalidate the wave structure and strategy.

Analyst: Kittiampon Somboonsod, CEWA.

AAVEUSD – Elliott Wave technical analysis [Video]