AAVE Token Crypto Price News Today Elliott Wave Technical Analysis

Elliott Wave Analysis TradingLounge

AAVE/ U.S. dollar(AAVEUSD)

AAVEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (III) of Impulse

Wave Cancel invalid Level: 125.280

Details: The five-wave likely goes up to test 492 Level

AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:

The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

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AAVE/ U.S….

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