Cryptocurrencies

AAVEUSD Elliott Wave Technical Analysis February 22 2023

4Hour

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: 95.43

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. Both the RSI and the Wave Oscillator signaling a bearish divergence support this idea. Watch out for reversals in waves ((2)).

AAVE Token /U.S.dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. 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. Both the RSI and the Wave Oscillator signaling a bearish divergence support this idea. Watch out for reversals in waves ((2)).

AAVE Token /U.S.dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish