AAVEUSD Elliott Wave Technical Analysis March 26 2023
4Hour
AAVE Token /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next higher Degrees: Wave (2) of Motive
Details: Retracement of wave (2) usually .50 or .618 x Length wave (1)
Wave Cancel invalid Level: 64.721
AAVE Token /U.S.dollar(AAVEUSD)Trading Strategy: AAVE Token The persistence of the uptrend remains a question mark. After the price rose, the MA200 line failed to test, causing the price to drop again. But even so, level 64.689 has not been broken. Therefore, the overall picture is still a correction to continue in the wave ((3)).
AAVE Token /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 Token /U.S.dollar(AAVEUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: Wave I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level: 50.173
AAVE Token /U.S.dollar(AAVEUSD)Trading Strategy: AAVE Token The persistence of the uptrend remains a question mark. After the price rose, the MA200 line failed to test, causing the price to drop again. But even so, level 64.689 has not been broken. Therefore, the overall picture is still a correction to continue in the wave ((3)).
AAVE Token /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
