AAVE Token(AAVEUSD) Elliott Wave Technical Analysis 6 September 2022

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Elliott Wave Analysis TradingLounge Daily Chart, 6 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
Ethereum(ETHUSD) Trading Strategy:The price range tends to test resistance at MA50 Line and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: Price increases with lower volume indicate that buying pressure is fading.

TradingLounge Analyst: Kittiampon Somboonsod

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 6 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:The price range tends to test resistance at MA200 Line and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

AAVE Token(AAVEUSD) Technical Indicators: The RSI enters the Overbought zone.