AAVEUSD Elliott Wave Technical Analysis 24 January 2023
4 Hour
AAVE /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 4
Direction Next higher Degrees: Wave 4 of Motive
Details: Wave 4 tends to extend sideways. But should not fall back below 67.29
Wave Cancel invalid Level: 67.29
AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming. Elliottwave structure is in the correction of wave 4, the short term still has a slight increase in size. before the price rests again
AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line Bullish 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 ((1)) of Motive
Details: Wave(3) may end at 91.31 the price move to wave (4) before increase agin in wave (5)
Wave Cancel invalid Level: 51.089
AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE Token recovered well from the 50.40 level and was able to cross the MA200 line indicating an uptrend is forming. Elliottwave structure is in the correction of wave 4, the short term still has a slight increase in size. before the price rests again
AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum
