Bitcoin Bulls Defend the $60k Price Level

Over the past few market updates I’ve discussed how there is strong support at the $60k price level. There has been support at $60k since March, and this was an important price level for Bitcoin bulls to defend. Yesterday seemed a bit concerning with the price dipping below $60k, but we have seen wicks below […]Read More

NVDA’s Bullish Rebound at $118

NVDA had a strong rejection off the 2.618 fib level around $140, and has dropped around 15% down towards the 2 fib level around $116.35. We are seeing a bullish rebound at $118, which is slightly above the $116.35 target. I think NVDA bulls are strong here and we are likely to see continued upside […]Read More

QQQ Attempting Another Rebound

Yesterday QQQ also had a failed bullish rebound and dropped lower. Today QQQ is attempting another bullish rebound. I think Nvidia is leading the entire stock market so I would monitor Nvidia’s price action especially after the recent 15% correction. ChartChamp socials: https://linktr.ee/realchartchamp

SPY Lost Support at the White Trendline

Yesterday I discussed how SPY formed a bullish rebound off the white trendline. This bullish rebound turned into a rejection with a strong selloff that led to a drop below the white support line around $544. SPY is currently trading around the white trendline, and has been neutral so far today. There is another key […]Read More

Swing Trade for SQQQ in September

For those who are wondering when it’s a good time to start shorting the market, SQQQ is a 3x inverse ETF that provides a way to leverage short the market. SQQQ is extremely bearish in July (100% bearish rate) and very strong in September. I will look for a setup around August for a swing […]Read More

Live Market Analysis with Chart Champ – Monday June 24

TSM Key Fibonacci Levels to Monitor

TSM is seasonally bullish in July, and I think we will see a continued rally in July and August. For now TSM is in a correction, and there is a 1.618 fibonacci level around $166 for a potential rebound and buy opportunity. I have $185.24 and $216.27 as key price targets on the way up. […]Read More

NXE Rebound in July

NXE is attempting to flip this white resistance zone into support, and has a strong bullish seasonality trend in July with average returns of +11.86%. I think there will be a rebound with some upside in July and potentially August. Entry price: $6.30 to $6.66 Stop loss: $6.25 Sell targets: ChartChamp socials: https://linktr.ee/realchartchamp

SOUN Bearish Weeks to Monitor

SOUN’s seasonality is 50% bullish over the next 3 months (we are limited to just 2 years of data). I think July is likely to be bullish as SOUN approaches the upcoming August 5 earnings date. SOUN has rallied in the two previous earnings announcements, and has been showcasing strong revenue growth. I think this […]Read More