AAVEUSD Elliott Wave Technical Analysis February 26 2023
4Hour
AAVE Token /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Ziigzag
Position: Wave (A)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) at 263.6
Wave Cancel invalid Level: 95.43
AAVE Token /U.S.dollar(AAVEUSD) Trading Strategy: The five-wave decline from 95.43 indicates the end of the previous trend. Also, the price breaks EW.Channel backing the idea. We therefore expect a decline in Zigzag pattern and wave A is over, price is pulling back in wave B before dropping again in wave C.
AAVE Token /U.S.dollar(AAVEUSD)Technical Indicators: The price is Below the MA200 indicating a DownTrend. The wave oscillators Below Zero-Line momentum are Bearish
Daily
AAVE Token /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: Wave ((2)) of Motive
Details: Wave (5) tends to end. This idea will be confirmed when the price goes below 73.759.
Wave Cancel invalid Level: 50.173
AAVE Token /U.S.dollar(AAVEUSD) Trading Strategy: AAVE Token tends to correct in wave((2)) after wave((1)) is likely to end at the level of 95.436 after the internal sub-wave of wave((1)) completes five more waves.and the Wave Oscillator signaling a bearish divergence support this idea. Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) at 67.10
AAVE Token /U.S.dollar(AAVEUSD)Technical Indicators: The price is Below the MA200 indicating a DownTrend. The wave oscillators Below Zero-Line momentum are Bearish
