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
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.
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