AAVEUSD Elliott Wave Technical Analysis 16 December 2022
4 Hour
AAVE / U.S.Dollar (AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next higher Degrees: Wave III of Motive
Details: the rise of wave 3 usually has a length of 1.618 x wave1
Wave Cancel invalid Level: 50.244
AAVE / U.S.Dollar (AAVEUSD) Trading Strategy: AAVE token price remains under selling pressure below MA200 MA50, indicating a strong downtrend. The wave oscillator is slow down with decreasing momentum, but if the price level is maintained. There is a tendency to reverse upward again. And we expect the price to trade above 85.57 overall, we still need to trade cautiously as there is still some selling pressure.
AAVE / U.S.Dollar (AAVEUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The wave oscillator is slow down with decreasing momentum,
Daily
AAVE / U.S.Dollar (AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next higher Degrees: Wave III of Motive
Details: the rise of wave 3 usually has a length of 1.618 x wave1
Wave Cancel invalid Level: 45.611
AAVE / U.S.Dollar (AAVEUSD) Trading Strategy: AAVE token price remains under selling pressure below MA200 MA50, indicating a strong downtrend. The wave oscillator is slow down with decreasing momentum, but if the price level is maintained. There is a tendency to reverse upward again. And we expect the price to trade above 115.82 overall, we still need to trade cautiously as there is still some selling pressure.
AAVE / U.S.Dollar (AAVEUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The wave oscillator is slow down with decreasing momentum,
