ClearValue Team Insights
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March 20 Ethereum Update – ETH Rebounds from the Green Support Zone
$ETH formed a bullish rebound off the green support zone yesterday with wicks down to $3,060. The price action is likely to remain bullish today and for the short-term. However, if BTC goes lower then ETH and ALTS are likely to have more downside. We’ll discuss how the crypto market is looking after the FOMC […]Read More
March 20 Bitcoin Update – BTC Trading Near the $60,864 Lows
$BTC had a downtrend from $70k price levels and has formed a rebound at the yellow trendline at the $60,864 lows. There is an orange trendline that has been suppressing Bitcoin’s price on the way down, and this orange trendline will be important to monitor on the way up here. The white trendline remains as […]Read More
INTC is Trading Within a Tight Range
$INTC has been trading under resistance at the light blue trendline, but is starting to also find some support at the red trendline. I think INTC is trading within a tight range here and will need to find a direction over the next few weeks. For now there’s likely to be some sideways price action. […]Read More
March 20 NASDAQ Update – QQQ is Bearish Below Resistance
The NASDAQ also had a bullish rebound yesterday, but is still trading below the yellow trendline. The NASDAQ has been pretty bearish lately with 9 red daily candles out of the past 12 days. However, the price continues to trade below the yellow trendline so today’s FOMC announcement will be important to determine whether QQQ […]Read More
March 20 S&P 500 Update – SPY Back Above Resistance
The S&P 500 had a bullish rebound yesterday, and a bullish daily candle close above the white resistance line. However, the price action is still neutral within the range discussed yesterday ($508 to $517). Today $SPY is retesting the white resistance line as support, and I would monitor the $517 highs here to see if […]Read More
NVDA Update – Neutral Price Action Into Day 3 of GTC 2024
Yesterday I discussed how $NVDA is trading near the white support line that is providing local support. There was a bullish rebound off this support level, and NVDA had some upside yesterday. However, the price action is still neutral and NVDA continues to trade sideways despite the GTC event. Today there is also an important […]Read More
March 20 FOMC Preview
As the Federal Reserve’s Federal Open Market Committee (FOMC) convenes this week for a pivotal meeting, financial markets and policymakers alike are poised on the edge of their seats. The core of the discussion is centered on the trajectory of the Fed’s benchmark interest rate amidst recent disconcerting inflation data. This meeting is crucial not […]Read More
Nvidia’s Blackwell Chips: The Pioneer for AI Technology
At the forefront of artificial intelligence (AI) innovation, Nvidia Corp. has once again set the bar high with the introduction of its Blackwell processor during the GTC conference held in San Jose, California. This unveiling by Nvidia’s CEO, Jensen Huang, underscores the company’s unyielding ambition to further cement its leadership in the AI computing domain. […]Read More
China’s Evergrande Faces Record-Breaking Fraud Allegations
In a revelation that sends shockwaves through the real estate sector and financial markets, Evergrande, a behemoth in China’s property landscape, along with its founder, Hui Ka Yan, stand accused of orchestrating a staggering $78 billion fraud. This alleged financial manipulation has surfaced just as the company grapples with a monumental debt crisis, marking a […]Read More
Altcoin Market Reaches Resistance
The Altcoin market has rallied to the upper range of this channel around $591 billion market cap. Historically Altcoins remain neutral in Sept and close the month slightly red. Based on this historical trend, Altcoins are likely reaching their monthly high here and could trend back down near the end of Sept. I think a […]Read More
Ethereum Remains Neutral Throughout Sept
Ethereum has traded sideways throughout the month of September between $2,100 and $2,500. The price is currently trading near the highs of this range, and I don’t expect to see any exciting price action until October. Historically Ethereum tends to be neutral and slightly bearish in Sept. Next week is also seasonally bearish for crypto […]Read More
Bitcoin Goes on a Post-FOMC Rally to $63K
Yesterday evening Bitcoin rallied to $62k, and today the price has climbed up higher to $63k. The markets have experienced a post-FOMC rally higher, and I have $60,700 as a key price level to monitor if there is a pullback. There are two trendlines, the red and yellow lines, that intersect there. Bitcoin has broken […]Read More