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AAVE Token(AAVEUSD) Elliott Wave Technical Analysis 2 September 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 2 September 2022, AAVE Token(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: Wave II of Motive Details: The rise of wave ((B)), upon completion, the price will fall again on wave ((C)).

Wave Cancel invalid Level: 45.770757
AAVE Token(AAVEUSD) Trading Strategy: Short term, the price tends to test the resistance at the MA50 or MA200 line to continue downwards. Looking for a longer term opportunity, it may be necessary to wait for wave II to complete to trade again in the uptrend.

AAVE Token(AAVEUSD) Technical Indicators: RSI entering bearish resistance zone

TradingLounge Analyst: Kittiampon Somboonsod

1427453009_AAVEDay.thumb.png.4a7c0b993fcfe9a047007d79d07cf350.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 2 September 2022, AAVE Token(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: Wave II of Motive Details:The rise of wave ((B)), upon completion, the price will fall again on wave ((C)).

Wave Cancel invalid Level: 45.770757
AAVE Token(AAVEUSD) Trading Strategy: Short term, the price tends to test the resistance at the MA50 or MA200 line to continue downwards. Looking for a longer term opportunity, it may be necessary to wait for wave II to complete to trade again in the uptrend.

AAVE Token(AAVEUSD) Technical Indicators: MACD bul ish divergence signal.

989516655_AAVEH4.thumb.png.64de176025af50cd9d2cadf9b484676f.png

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