Elliott Wave Analysis: AAVE In A Complex Deeper Correction
Hello Crypto traders!
Today we will talk about AAVEUSD, its price action from technical point of view and wave structure from Ellott Wave perspective.
AAVEUSD has already found the top at the beginning of February and since then, we see see slow price action and corrective wave structure.
It's ideally trading in a complex 7-swing (w)-(x)-(y) corrective drop, which seems to be unfinished, as we see an incomplete decline into wave (y), so watch out for further weakness towatds projected 210-145 support zone before bulls show up again.
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Today we will talk about AAVEUSD, its price action from technical point of view and wave structure from Ellott Wave perspective.
AAVEUSD has already found the top at the beginning of February and since then, we see see slow price action and corrective wave structure.
It's ideally trading in a complex 7-swing (w)-(x)-(y) corrective drop, which seems to be unfinished, as we see an incomplete decline into wave (y), so watch out for further weakness towatds projected 210-145 support zone before bulls show up again.
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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