AAVE/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave (4).
Direction next higher degrees: Wave I of Impulse.
Wave cancel invalid level: 81.238.
Details: The Corrective of Wave (4) before the Increase in Wave (5).
AAVE/ U.S. dollar (AAVE/USD) Trading Strategy: The fourth wave correction before another increase in the fifth wave, which tends to extend sideways with a Triangle pattern, so the overall picture is a short-term correction before another increase.
AAVE/ U.S. dollar (AAVE/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
AAVE/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave (4).
Direction next higher degrees: Wave I of Impulse.
Wave cancel invalid level: 81.238.
Details: The Corrective of Wave (4) before the Increase in Wave (5).
AAVE/ U.S. dollar (AAVEUSD) Trading Strategy: The fourth wave correction before another increase in the fifth wave, which tends to extend sideways with a Triangle pattern, so the overall picture is a short-term correction before another increase.
AAVE/ U.S. dollar (AAVEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
AAVE Elliott Wave technical analysis [Video]
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