AAVEUSD Elliott Wave technical analysis
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Function: Trend Continuation.
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Mode: Motive.
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Structure: Impulse.
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Wave position: Wave V.
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Next higher degree direction: Pending.
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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.
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Wave V low point: Approximately 121.96
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Key resistance zone: Trendline drawn from wave II to IV
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Critical bullish threshold: 180.00
Trading strategies
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Strategy overview
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For swing traders (Short-term):
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Confirm the end of the downward movement by identifying a new five-wave structure forming in the upward direction.
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Risk management guidelines
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If price falls below 114.180, the current wave count is likely invalid.
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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.
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Wave V low point: Near 121.96
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Primary resistance area: Line connecting wave II and wave IV
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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.
-
-
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Risk management guidelines
-
A drop below 114.180 may invalidate the wave structure and strategy.
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Analyst: Kittiampon Somboonsod, CEWA.
AAVEUSD – Elliott Wave technical analysis [Video]
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