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1 S&P is coming into a strong resistance level,
2. its bouncing off of previous support,
3. its in a down trend,
4. it has very strong support down at 57 dollars.
entry 81.44 traget 59 and stop 91
For this trade the reason i took it is
1. it is bouncing off the bottom of the channel,
2. it it following apples up trend.
3. macd is showing signs of reversal momentum.
4. RR is entry 150 stop 146 and target 180.
The reason I am bullish on ETH is that COINBASE:ETHUSD it is still in an uptrend is bouncing off support,
Also at the end of the last run, it consolidated for three months, after the previous run it has been consolidating for almost a full 3 months again. It is also forming a strong breakout pattern of a symmetrical triangle. Bitcoin is also following the same...
