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MorpheusTrading.eth - Crypto Swing Trading

@mtg_crypto

Crypto swing trading signals & chatroom. Get your free daily crypto analysis and trade ideas with Morpheus Market Minutes. Sign up at https://t.co/vBMIf7Ji3B.

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$ETH is lagging, but the daily chart still showing bullish consolidation.

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Stocks update: S&P 500 ETF $SPY is still above its 21-day EMA, a positive sign.  Nasdaq 100 ETF $QQQ is just below the 21-day EMA but could easily reclaim the average within the next few days.

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Stocks update: $SPY closed above its 21-day EMA after undercutting it earlier. The trend remains intact if price holds the 21-day EMA on a closing basis this week. Weakness here could trigger a deeper pullback, possibly testing the 50-day MA.

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Crypto update: $SOL continues to show impressive relative strength - it even held very short-term support of its 8-day EMA on the recent pullback. Zooming out to the longer-term weekly chart, the $SOL chart looks even more bullish.

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$SOL continues to show impressive relative strength - it even held very short-term support of its 8-day EMA on the recent pullback. Zooming out to the longer-term weekly chart, the $SOL chart looks even more bullish.

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Stocks update: $QQQ support levels on the daily chart:

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Stocks update: Stocks sold off on Tuesday - did bounce into the close. With most broad market averages extended from the 8-day EMA on the daily chart, some chop is to be expected.   The market-leading midcap growth ETF $IWP could use some chop for the 8-day EMA to catch up.

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$SOL is another relative strength leader that is now pulling back to test its 8-day EMA support.

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Crypto ujpdate: $PENDLE - Currently pulling back to horizontal price support of the prior breakout level, with the 20-day EMA just below as further support.

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