ClearValue Team Insights
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BTC Trying to Rebound off the Bull Pennant
BTC has been in a downswing after a rejection at previous all time highs in the yellow zone. Yesterday I discussed how the white trendline from the bull pennant could be a short-term support target. There was a wick down to this white trendline, and BTC has been forming a rebound so far. I think […]Read More
IWM Rejection in the Red Zone
I have been patiently waiting for IWM to form a bullish breakout from the red zone. However, there has been another rejection. Yesterday IWM failed to stay above $205.31 and has dropped below the red zone again. I think there will be more attempts to break through the red zone, but I would give IWM […]Read More
S&P and NASDAQ Likely to Rebound Today
Yesterday there was optimism about a bullish rally after NVDA reported strong earnings on Wednesday. However, the entire stock market was red except for NVDA. SPY and QQQ were trading near key resistance levels, and both experienced strong selloffs. QQQ started the day above the red trendline, and closed the day back below resistance. After […]Read More
Ethereum ETFs Approval: Possible Bull Run But Still Uncertain
The cryptocurrency market is abuzz with speculation as the potential approval of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. seems to be drawing near. Although, not long ago the overall sentiment regarding such approval was not very bullish, now everyone seems to be very hopeful and are seeing this anticipated regulatory decision as […]Read More
IWM Facing Resistance in the Red Zone
I’ve been patiently waiting for IWM to form a bullish breakout. IWM needs to break above the $210.44 resistance level, but continues to selloff in the red zone. There was a rejection that has pulled IWM back down to the lower end of the red zone at $205.31. I would monitor $205.31 for short-term support […]Read More
NASDAQ and S&P Trade Around Resistance
Nvidia’s bullish earnings announcement gives hope that the S&P and NASDAQ can continue to rally. QQQ is currently outperforming the S&P, and QQQ has broken through the red resistance line. In comparison, SPY is trading below resistance still and there may be a bullish breakout for SPY later. Both SPY and QQQ are red today, […]Read More
NVDA Rallies Above $1,000
NVDA continues to carry to stock market after reporting strong earnings, announcing a 10-1 stock split, and providing optimism about the future of AI. In terms of price action, NVDA has reached a new all time high above $1,000 per share. However, there is a key resistance level approaching at $1,043. The 10-1 stock split […]Read More
Ethereum ETF Decision Today
The SEC will make a decision for the spot Ethereum ETF today, and rumors are that the decision will be announced around 3:45 PM EST. This was the time that the spot Bitcoin ETFs were announced in January. In terms of price action, ETH formed a wick into the yellow zone reaching as high as […]Read More
BTC Continues to Drop Headed Into Today’s Ethereum’s ETF Decision
BTC had a rejection at the yellow zone, and has been experiencing downside over the past 3 days. Today is an important day for Ethereum ETFs, and I think there could be a rotation from Bitcoin to ETH in anticipation of an ETH ETF approval. I would give BTC some time to form a reversal. […]Read More
Bearish Gap Lower for QQQ
QQQ starts off the week with a bearish gap lower. I think the price action has been pretty neutral and volatile since mid September. QQQ is still facing resistance from the white zone, and continues to trade below $488.55. During election years QQQ historically experiences a downtrend between Oct 6 and Oct 30. Bears would […]Read More
Bull Flag Forming for IWM
IWM has been quiet over the past few weeks, and is starting to form a bull flag structure with a $242.50 price target. IWM would need to hold above $214.20 to remain in this bullish structure, and would need a bullish breakout above $220.31 to start a rally. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreDecision Time for the Altcoin Market
The Altcoin market is trading near resistance around $612 billion market cap. There was already a small rejection yesterday, and the next few days are very important for determining whether Altcoins start to form a bullish breakout. For now the Altcoin market needs to show some bullish momentum to start a breakout and rally. I […]Read More