AAVE/ U.S. dollar(AAVEUSD)ADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: Wave Cancel invalid level:AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Details: The ongoing corrective phase (Wave IV) is respecting the parallel trend channel. A breakout above the $349 bullish level confirms the start of Wave V, leading the price higher. Traders should watch for:Trading strategies* Buy Strategy (Long Position): * Wait for a price pullback to look for an opportunity to join the uptrend.* Risk Management: * W.C. Invalid: 192.993 (support level that if price breaks below, this Elliott Wave structure will be incomplete)Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
