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AAVE/USD Elliott Wave technical analysis [Video]

AAVE/USD Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart, 26 February 24,

AAVE/U.S. dollar(AAVEUSD)

AAVE/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((B)).

Direction Next higher Degrees: Wave II of Impulse.

Wave Cancel invalid Level: 47.34.

AAVE/U.S. dollar(AAVEUSD)Trading Strategy:

Correction of wave 2 in the Zigzag pattern. Price is currently pulling back in wave B before falling again in wave C. The overall picture is still in an uptrend but is correcting to continue upward.

AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillatoris a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Chart

Elliott Wave Analysis TradingLounge 4Hr Chart, 26 February 24,

AAVE/ U.S. dollar(AAVEUSD)

AAVE/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((B)).

Direction Next higher Degrees: Wave II of Impulse.

Wave Cancel invalid Level: 47.34.

AAVE/U.S. dollar(AAVEUSD)Trading Strategy:

Correction of wave 2 in the Zigzag pattern. Price is currently pulling back in wave B before falling again in wave C. The overall picture is still in an uptrend but is correcting to continue upward.

AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

Chart

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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