ETH/USD Trading Analysis (23/10/2024)
The trend is ascending. The crypto coin is trading in the range between 365 and 135 ЕМАs. The descending truncated wave structure finished with the breach of the sloping channel. 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.
- Stop-loss at 2599.800.
- Price targets at 2659.650 and 2760.000.
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