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AAVE / U.S. dollar(AAVEUSD) Elliott Wave Technical Analysis 22 November 23


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Elliott Wave Analysis TradingLounge Daily Chart, 22 November 23,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 50.391

Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177

AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE has entered a period of correction. From a continuous increase from the 50.391 level, it ended at the 110.113 level with a five-wave pattern. Therefore, we forecast a correction in a three-wave abc pattern, with wave 2 likely to test wave 1's 61.8% level at 71.177.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

4058b731dc701b796b5d3009d6638f43

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 22 November 23,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 50.391

Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177

AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE has entered a period of correction. From a continuous increase from the 50.391 level, it ended at the 110.113 level with a five-wave pattern. Therefore, we forecast a correction in a three-wave abc pattern, with wave 2 likely to test wave 1's 61.8% level at 71.177.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bearish Momentum.

 

e31d34540c59fc9ded3c518d2dd06b8a

 

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  • 1 month later...
On 22/11/2023 at 11:56, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 22 November 23,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 50.391

Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177

AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE has entered a period of correction. From a continuous increase from the 50.391 level, it ended at the 110.113 level with a five-wave pattern. Therefore, we forecast a correction in a three-wave abc pattern, with wave 2 likely to test wave 1's 61.8% level at 71.177.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

4058b731dc701b796b5d3009d6638f43

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 22 November 23,

AAVE / U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 50.391

Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177

AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE has entered a period of correction. From a continuous increase from the 50.391 level, it ended at the 110.113 level with a five-wave pattern. Therefore, we forecast a correction in a three-wave abc pattern, with wave 2 likely to test wave 1's 61.8% level at 71.177.

AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bearish Momentum.

 

e31d34540c59fc9ded3c518d2dd06b8a

 

Almost perfect 🔥...

Shorted at 109... 

Holding till 41k...

IMG_20231225_153552.jpg

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