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AAVE / U.S.Dollar (AAVEUSD) Elliott Wave Technical Analysis 16 December 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 16 December 2022,

AAVE / U.S.Dollar (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure:Impulse

Position:Wave 3

Direction Next higher Degrees:Wave III of Motive

Details: therise of wave 3 usually has a length of 1.618 x wave1

Wave Cancel invalid Level:45.611

AAVE / U.S.Dollar (AAVEUSD) Trading Strategy: AAVE token price remains under sellingpressure below MA200 MA50, indicating a strong downtrend. The wave oscillator is slowdown with decreasing momentum, but if the price level is maintained. There is a tendency toreverse upward again. And we expect the price to trade above 115.82 overall, we still needto 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 slow down with decreasing momentum,

TradingLounge Analyst: Kittiampon Somboonsod

 

759922608_AAVEDay.thumb.png.fe8d738ace0aaf1bb5b654ecf54a1694.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 16 December 2022,

AAVE / U.S.Dollar (AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure:Impulse

Position:Wave 3

Direction Next higher Degrees:Wave III of Motive

Details: therise of wave 3 usually has a length of 1.618 x wave1

Wave Cancel invalid Level:50.244

AAVE / U.S.Dollar (AAVEUSD) Trading Strategy: AAVE token price remains under sellingpressure below MA200 MA50, indicating a strong downtrend. The wave oscillator is slowdown with decreasing momentum, but if the price level is maintained. There is a tendency toreverse upward again. And we expect the price to trade above 85.57 overall, we still need totrade 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 slow down with decreasing momentum.

1617880595_AAVEH4.thumb.png.c10b3ee709f79393fad5a02363197d1e.png

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