Aave Elliott Wave technical analysis [Video]

AAVE/USD – Elliott Wave technical analysis

Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave V.

AAVE/USD trading strategy

AAVE is at a significant technical stage after completing a full 5-wave impulsive decline as described by Elliott Wave theory. The price reached a bottom near the $114 mark and has begun to recover. If the asset remains above the descending trendline and pushes past the resistance between $168 and $180 with consistency, this may suggest a major bullish trend is starting.

Trading strategies:

Strategy

For swing traders (short-term): Await confirmation of a breakout from the trendline.

Risk management

• Set a stop loss under $121.96.

AAVE/USD – Elliott Wave technical analysis

Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave V.

AAVE/USD trading strategy

AAVE has hit a technical turning point after completing a five-wave decline as per Elliott Wave principles. The price has touched a low around $114 and is starting to bounce. Holding above the falling channel and crossing over the $168–$180 level might mark the beginning of a long-term upward trend.

Trading strategies:

Strategy

• For swing traders (short-term): Look for breakout confirmation above trendline.

Risk management:

• Stop loss suggested below $121.96.

AAVE/USD – Elliott Wave technical analysis [Video]