ClearValue Team Insights
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Little Upside for IWM Despite Bullish Breakout
IWM continues to struggle with making progress to the upside. The price action has been neutral and slightly bullish despite forming a breakout above $210.44. The first breakout was much more bullish with a stronger rally higher. IWM is looking a bit weak here, but we’ll see if the momentum starts to pick up over […]Read More
SPY Close to All Time Highs
The S&P is trading close to all time highs, and is likely to form a double top pattern around $564.90. I am comfortable opening shorts at $564.90. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreQQQ Approaching $486.74 Resistance
The NASDAQ opened with a bullish gap higher today. Investors are bullish headed into Jerome Powell’s Jackson Hole speech tomorrow. I don’t think Powell will say anything significant, he usually dodges questions and avoids giving information ahead of FOMC meetings. QQQ is approaching a key resistance level around $486.74, and I think QQQ could trend […]Read More
HOLO Trying to Close Green for Two Consecutive Days
A few days ago I discussed how it has been a few months since HOLO has closed green for two consecutive days. Yesterday HOLO had a nice spike up from the $0.41 support level, and today HOLO is trying to break the streak by closing green for a second day in a row. I think […]Read More
Bitcoin Holds Above the White Support Zone for 6 Months
July and August have been shaky months for Bitcoin, but the price has remained above the white support zone between $58.4k to $60.3k. There have been large wicks down for discounted buy opportunities. 1 Red Month Left in 2024 History suggests that Bitcoin experiences 4 red months during the year of the Bitcoin halving. There […]Read More
Four Green Days for Altcoin Market
The Altcoin market continues to show bullish momentum even though Ethereum continues to underperform. Altcoins have experienced 4 consecutive green days in a row. I would keep a close eye on Bitcoin and Ethereum to see if BTC holds above $60.3k support, and whether ETH can break through $2,683. If BTC and ETH show some […]Read More
No Bullish Signs for Ethereum
Although Bitcoin and Altcoins have started to trend up, Ethereum continues to struggle and underperform here. ETH is still trading sideways below the $2,683 resistance level, and has not climbed back into the white zone in an effort to break through resistance. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreBitcoin Starting to Show Bullish Signs
BItcoin has traded sideways for several days now, but started to break out of the pattern yesterday. BTC is above the white zone, and is trying to flip the white zone into support. BTC is also trading within a white bear pennant structure, but is forming a breakout to the upside. Currently BTC is resting […]Read More
Altcoin Market Remains Neutral and Slightly Bullish
The Altcoin market has been trading sideways for the past few weeks, and is trading near the higher end of this neutral range. There is some short-term bullish momentum building, but I think ALTS could trend back down soon. I think the next few days will be important for determining whether Altcoins start to form […]Read More
HOLO Drops Below $2.63 Support
HOLO has a key support level near all time lows with a price target around $2.63. Today there was a sharp selloff and HOLO is trading below support. I think HOLO desperately needs to rebound over the next few days, and I would still monitor for the start of a rally despite so much bearish […]Read More
RDDT Reaches New All Time Highs After Strong Earnings
RDDT has broken above all time high resistance, and has formed a very bullish gap higher. RDDT had a strong earnings performance, and is now in price discovery mode. I wouldn’t FOMO in here, but I’d definitely monitor for any dips and buy opportunities in the future. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreVIX Spikes Up to $22 Resistance
We received some bearish economic data this morning with worse than expected inflation and jobs data. The VIX has spiked and the markets are bearish as we approach November. The VIX is trading near a white resistance level around $22. If the VIX remains above $22 there could be a rally as we approach the […]Read More