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.

About the Author
Related
Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - AAVE token price remains under selli...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Neo Coin is still in the structure of Impulse ...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily The price is back in the downtrend aga...
Read More >
Technical analyst Kittiampon Somboonsod's Elliott Wave charts suggest that Dogecoin (DOGE) is st...
Read More >
According to Kittiampon Somboonsod's Elliott Wave charts for Ethereum (ETH), Wave ((5)) is expec...
Read More >
A cryptocurrency technical analysis by Kittiampon Somboonsod predicts a potential wave C correction ...
Read More >
You need to login in order to comment