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ETH/USD Trading Analysis (18/01/2024)

18.01.2024

Market Review

The trend is ascending. The cryptocoin is traded in the range between 365 and 135 ЕМА.There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The entry point at the pullback B is forming.

ETH/USD chart as of 18/01/2024 with technical indicators

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending structure.

Stop-Loss at 2498.600.

Target price levels at 2612.680 and 2667.400.

#ethusd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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