AAVE Token/U.S.dollar(AAVEUSD) Elliott Wave Technical Analysis 28 April 23

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Elliott Wave Analysis TradingLounge Daily Chart, 28 April 23,  
AAVE Token/U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave (Y)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: Wave ((2)) reversal has a probability of .786 x length wave((1)).
Wave Cancel invalid Level: 50.173

AAVE Token/U.S.dollar(AAVEUSD) Trading Strategy: AAVE is still at risk of further decline. As the structure of the corrective wave within the second wave is not yet completed, one more decline remains in wave (y), there is an important support at the level of 59.789. Wait for the second wave to finish to join the trend again.

AAVE Token/U.S.dollar(AAVEUSD) Technical Indicators: The price is below the MA200 indicating a downtrend The wave oscillators below Zero-Line momentum are bearish.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 27 April 23,  
AAVE Token/U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave (Y)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: Wave ((2)) reversal has a probability of .786 x length wave((1)).
Wave Cancel invalid Level: 50.173


AAVE Token/U.S.dollar(AAVEUSD) Trading Strategy: AAVE is still at risk of further decline. As the structure of the corrective wave within the second wave is not yet completed, one more decline remains in wave (y), there is an important support at the level of 59.789. Wait for the second wave to finish to join the trend again.

AAVE Token/U.S.dollar(AAVEUSD) Technical Indicators: The price is below the MA200 indicating a downtrend The wave oscillators above Zero-Line momentum are bullis.