AAVEUSD Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

AAVEUSD Elliott Wave technical analysis

Function: Trend Continuation.
Mode: Motive.
Structure: Impulse.
Wave position: Wave V.
Next higher degree direction: Pending.
Invalidation level for wave structure: Not specified.

AAVE/USD trading strategy overview:

Following a significant downtrend from late 2024, AAVE may have finalized its fifth wave in the decline. A corrective rebound appears to have started from the post-triangle thrust zone near 121.96, aligning with the measured move target after completion of waves I to V.

Wave V low point: Approximately 121.96
Key resistance zone: Trendline drawn from wave II to IV
Critical bullish threshold: 180.00

Trading strategies

Strategy overview
- For swing traders (Short-term):
  - Confirm the end of the downward movement by identifying a new five-wave structure forming in the upward direction.
Risk management guidelines
- If price falls below 114.180, the current wave count is likely invalid.

AAVEUSD Elliott Wave technical analysis

Function: Trend Continuation.
Mode: Motive.
Structure: Impulse.
Wave position: Wave V.
Next higher degree direction: Pending.
Invalidation level for wave structure: Not specified.

AAVE/USD trading strategy overview:

After a consistent decline since late 2024, AAVE may have finished its fifth and final wave. The recovery appears to begin from the post-triangle breakout level around 121.96, matching the forecasted measurement after waves I through V.

Wave V low point: Near 121.96
Primary resistance area: Line connecting wave II and wave IV
Major bullish resistance level: 180.00

Trading strategies

Strategy overview
- For swing traders (Short-term):
  - Look for a confirming five-wave structure moving upward to validate the reversal.
Risk management guidelines
- A drop below 114.180 may invalidate the wave structure and strategy.