ETH/USD Trading Analysis (18/11/2024)
The trend is ascending. The crypto coin is trading in a range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the beginning of the formation of the rising wave structure, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 3012.000.
- Target price at 3330.000 and 3430.000.
#ethusd #crypto #cryptotrading #tradersroom #daytradingpatterns
