Image Source: PixabayElliott Wave Analysis TradingLounge Daily Chart, 28 November 23,AAVE / U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave (B)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 50.391Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177AAVE / U.S. dollar(AAVEUSD)Trading Strategy: The rise in Wave 1 appears to have ended at 110.11 and prices are entering a correction period in Wave 2. We expect the price to test the MA200 line or the 61.8% level of Wave 1 before rising again in wave 3.AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.TradingLounge Analyst: Kittiampon Somboonsod, CEWASource : Tradinglounge.comElliott Wave Analysis TradingLounge 4H Chart, 28 November 23,AAVE / U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave (B)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 50.391Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177AAVE / U.S. dollar(AAVEUSD)Trading Strategy: The rise in Wave 1 appears to have ended at 110.11 and prices are entering a correction period in Wave 2. We expect the price to test the MA200 line or the 61.8% level of Wave 1 before rising again in wave 3.AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bearish Momentum.
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