ClearValue Team Insights
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QQQ Has Rebounded Around $502.60
QQQ continues trading within this range, and has rebounded from the lower end of this range around $502.60. I have $510.31 and $513.40 as my resistance levels ahead, QQQ has struggled to climb above the yellow trendline since Nov. 15.
Read MoreSPY Trading Near $601 Resistance
SPY continues to trade near resistance around $601, and has already formed numerous rejections this week. SPY is currently trading above the yellow resistance line, and I would monitor to see if the price remains above $600.83. So far SPY is looking bullish and could trade above $600 for the day.
Read MoreRGTI Hit $3.47 Resistance
RGTI has reached my resistance target at $3.47, and there has already been some selling at this price level. I would be cautious of a selloff here, I think RGTI likely has a pullback in the short term.
Read MoreAMD Trying to Hold Above $133 Support
In my previous updates I discussed how AMD has lost support in the light blue channel, and has really struggled to climb back into the channel. Despite this bearish price action, AMD is also starting to build some support around $133 at the white trendline. I think there’s a chance AMD has a brief rally […]Read More
Air Canada ($AC) Attempting a Bullish Breakout
AC has been trading within a range between the yellow trendlines, and has started to form a bullish breakout above $24. There has already been a successful retest of the upper yellow trendline, and AC is attempting to start a rally here. I have $52.78 as my key resistance level ahead, I think AC could […]Read More
RIVN Trading Range & Unfavorable Seasonality
RIVN is trading within a range under the red resistance line, and has a green buy zone between $8.23 and $10. I would look for buy opportunities in the green buy zone for all entries. For swing trading, there are nine swings from the green buy zone to the red resistance line, which gives a […]Read More
ALGO Starting to Rally
ALGO is a crypto project that is linked to XRP. Lately XRP has been on a tear, and has shown a lot of bullish momentum. ALGO and XLM are two cryptos that tend to also pump with XRP. I have $2.13 as a key resistance level ahead for ALGO, and in the coming months I […]Read More
COIN Trading Near $283.55 Support
COIN is trading above a $283.55 resistance level, attempting to flip it into support. I think there could be dips below $283.55 for buy opportunities. I don’t think we’ll find support right away at $283.55, likely a dip lower first. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreQQQ Rejected at $509.83 Resistance Level
QQQ continues to experience volatility as we approach Thanksgiving Day. As a reminder the stock market is closed on Nov. 28 and closes early (1 PM EST) on Friday. Usually traders just exit the market and enjoy the holidays so there’s likely to be a selloff. We are starting to see a rejection forming at […]Read More
XLM Approaching $0.687 Resistance
XLM is also trading near a key resistance level around $0.687, and is likely to face some short-term resistance there. XLM and ALGO will benefit from XRP’s rally, and will likely lag behind XRP in the rally. I think XLM will form a bullish breakout from this range, and will rally to new all time […]Read More
XRP Approaching $1.95 Resistance Target
XRP has experienced a nice rally over the past few weeks after forming a bullish breakout from the yellow pennant structure. XRP is approaching the first key resistance target around $1.95, I think there’s likely to be sellers there and a pullback.
Read MoreBitcoin Continues to Trade Around the White Trendline
Bitcoin experienced some volatility on Thanksgiving Day with swings in both directions. BTC is trading around the white trendline, and is struggling to find support above the white line. I have the red resistance zone ahead between $98k – $100k, there could be a selloff as we approach the red zone. Bitcoin has entered the […]Read More