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

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.

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.

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