ClearValue Team Insights
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Numerous Rejections for Ethereum at $2,683 Resistance Level
Ethereum has traded below a resistance zone between $2,683 and $2,863 throughout the month of August. There have been numerous rejections at $2,863 and ETH is struggling to climb up higher here. There is a lot of FUD surrounding the Mt. Gox payouts. Today’s news is that there was a test transaction made for the […]Read More
Bitcoin’s Support Level Now Acting as Resistance
Yesterday Bitcoin lost support at $58.4k, and dropped as low as $56.1k. There has been a short-term rebound, and Bitcoin is already back to the $58.4k level again. However, support is lost and now $58.4k is acting as resistance. This is not good for Bitcoin bulls, and Bitcoin is at risk of dropping here. I […]Read More
IWM Remains Above the $210.44 Resistance Level
IWM formed a bullish breakout above the $210.44 resistance level yesterday, and remains above this resistance level again today. The volume is looking pretty weak so far, but I think volume can pick up soon. S&P and NASDAQ had a nice rally, IWM and small cap stocks are lagging behind and can start to rally […]Read More