Jump to content

AAVE / U.S.Dollar (AAVEUSD) AAVEUSD Elliott Wave Technical Analysis 8 December 2022


Recommended Posts

 
Elliott Wave Analysis TradingLounge Daily Chart, 8 December 2022,
AAVE / U.S.Dollar (AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter  trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next higher Degrees: Wave II of Motive
Details: Wave II is likely to end and the price has a chance to trade above 98.56.
Wave Cancel invalid Level: 45.611
 
AAVE / U.S.Dollar (AAVEUSD) Trading Strategy: AAVE token price remains under heavy selling pressure below MA200 MA50, indicating a strong downtrend. The wave oscillator is below the zero line with decreasing momentum, but the price level is maintained. There is a tendency to reverse upward again. And we expect the price to trade above 115.82 overall, we still need to trade cautiously as there is still some selling pressure.
 
AAVE / U.S.Dollar (AAVEUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearish momentum
 
TradingLounge Analyst: Kittiampon Somboonsod
 
 
1765727846_AAVEDay.thumb.png.b74dbf16ffdbcbd1fdb0f16a43017441.png
 
 
 
 
Elliott Wave Analysis TradingLounge 4H Chart, 8 December 2022,
AAVE / U.S.Dollar (AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter  trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next higher Degrees: Wave 2 of Motive
Details: the decline of wave 2 is Likely to reverse .618 of wave 1.
Wave Cancel invalid Level: 50.244
 
AAVE / U.S.Dollar (AAVEUSD) Trading Strategy: AAVE token price remains under heavy selling pressure below MA200 MA50, indicating a strong downtrend. The wave oscillator is below the zero line with decreasing momentum, but the price level is maintained. There is a tendency to reverse upward again. And we expect the price to trade above 115.82 overall, we still need to trade cautiously as there is still some selling pressure.
 
AAVE / U.S.Dollar (AAVEUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearish momentum.
1504094607_AAVEH4.thumb.png.b4f0ab09c8f797d374f522794b641efc.png
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,195
    • Total Posts
      90,731
    • Total Members
      41,306
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sbehdadkia
    Joined 30/01/23 19:24
  • Posts

    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
    • @MongiIG How long does it take to reply to a simple question?
    • Look Ahead to 31/1/23: Big data from the US, China, Japan; PFE, XOM, AMD earnings Ahead of the Fed meeting and the key US jobs report, investors get set to digest retail sales numbers from Germany and Japan. Plus, look out for consumer-related data from China, France, and the US. Earnings see Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD) hand in their Q4 report cards.   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 30 January 2023        
×
×
  • Create New...