09Jan
AAVEUSD Elliott Wave Technical Analysis 10 January 2023
AAVEUSD Elliott Wave Technical Analysis 10 January 2023
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 3 of Motive
Details: Wave(3) is always 1.618 x Wave(1) length.
Wave Cancel invalid Level: 51.089
AAVE / U.S.dollar(AAVEUSD) Trading Strategy: AAVE on the 4-hour chart has recovered well from the level of 51.089 and has also managed to break through the MA200 and MA50, giving the price a chance to turn upward. and could lead to a price target at the level of 78.774.
AAVE / U.S.dollar(AAVEUSD)Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish
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 3 of Motive
Details: Wave(3) is always 1.618 x Wave(1) length.
Wave Cancel invalid Level: 51.089
AAVE / U.S.dollar(AAVEUSD) Trading Strategy: AAVE Token is likely to recover well as the price managed to break through the MA50, but even so, the price is still below the MA200. The price may be at the beginning of the rally. Causing there is still a chance to be pressured by sales pressure Trading during this period must be done carefully.
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