AAVE Elliot wave count could be printing an expanded flat correction in wave 2.5 waves up complete a motif wave with daily RSI in overbought. 3 clear waves down for wave A (or X) was next followed by a poke above all time on confirmed bearish divergence.
If the count is correct then our first target would be a swing below wave A and the ascending daily 200EMA at point [2]. Further decline in wave C (or Z) brings up the previous wave 4 target and the High Volume Node major support $210 point [3]
A steeper decline in wave 2, aligning with my September dump idea, brings up the golden pocket at [5] but a more likely target is the alt-coin golden packet at 0.786, s3 daily pivot and High Volume Node support [4]. This would be a great buy opportunity for me.
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.