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]
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