AAVE Elliott Wave technical analysis [Video]

AAVE/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (2).

Direction next higher degrees: Wave III of Impulse.

Wave cancel invalid level: 81.238.

Details: Wave (II) is likely to have ended and prices are resuming the uptrend.

AAVE/ U.S. dollar (AAVEUSD) Trading Strategy: Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction within.

AAVE/ U.S. 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: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (2)

Direction Next higher Degrees: Wave III of Impulse

Wave Cancel invalid Level: 81.238

Details: Wave (II) is likely to have ended and prices are resuming the uptrend.

AAVE/ U.S. dollar (AAVEUSD) Trading Strategy: Overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin 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.

AAVE Elliott Wave technical analysis [Video]