AAVE Token /U.S.dollar(AAVEUSD) Elliott Wave Technical Analysis 2 May 23

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Elliott Wave Analysis TradingLounge Daily Chart, 2 May 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: There is an additional downside risk of a wave C correction and corresponds with prices below the MA200 line, which provides a general picture of a short-term downtrend. Wait for the fix to finish to join the trend again.

AAVE Token /U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA







Elliott Wave Analysis TradingLounge 4H Chart, 2 May 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: There is an additional downside risk of a wave C correction and corresponds with prices below the MA200 line, which provides a general picture of a short-term downtrend. Wait for the fix to finish to join the trend again.

AAVE Token /U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum.