Elliott Wave Technical Analysis & Forecast: AAVEUSD


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 AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 81.238Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction and the price will rise again during the third wave. Consider the opportunity for bullish trading.AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.TradingLounge Analyst: Kittiampon Somboonsod, CEWASource: Tradinglounge.comElliott Wave Analysis TradingLounge 4H Chart,AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 81.238Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. We are currently recovering in the short term from the second wave correction and the price will rise again during the third wave. Consider the opportunity for bullish trading.AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum. More By This Author:Stocks Analysis & Elliott Wave Technical Forecast: JPMorgan Chase & Co.
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