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


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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
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