AAVEUSD Elliott Wave Technical Analysis February 10 2023
4Hour
AAVE /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: The retracement of wave 2 is usually .618 x the length of wave 1.
Wave Cancel invalid Level: 50.173
AAVE /U.S.dollar(AAVEUSD)Trading Strategy: The AAVE token recovered well from the 50.40 level, but the price fell below the MA200 line, indicating that a downtrend is forming. Elliottwave structure is in a correction of wave (2), a short-term decline before the price. high up again Wait for wave 2 to finish to join the trend again.
AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 indicating a Down Trend. The wave oscillators above Zero-Line momentum are bearish
Daily
AAVE /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: The retracement of wave 2 is usually .618 x the length of wave 1.
Wave Cancel invalid Level: 50.173
AAVE /U.S.dollar(AAVEUSD)Trading Strategy: The AAVE token recovered well from the 50.40 level, but the price fell below the MA200 line, indicating that a downtrend is forming. Elliottwave structure is in a correction of wave (2), a short-term decline before the price. high up again Wait for wave 2 to finish to join the trend again.
AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 indicating a Down Trend. The wave oscillators above Zero-Line momentum are bullish
